**REGISTERED CHARITY NUMBER: 218341**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **FOR**
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
Lang Bennetts Audit Limited The Old Carriage Works Moresk Road TRURO Cornwall TR1 1DG
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
||**Page**|
|---|---|
|**Report of the Trustees**|1|
|**Independent Examiner's Report**|10|
|**Statement of Financial Activities**|11|
|**Balance Sheet**|12|
|**Notes to the Financial Statements**|13 to 20|
|**Detailed Statement of Financial Activities**|21 to 22|
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered Charity number** 218341
**Principal address** 3 Walsingham Place TRURO Cornwall TR1 2RP **Trustees Other Officers** RA Fitzsimmons Chairman Clare Greenwood Executive Officer T Spivey Paul Charlesworth Treasurer P Cale Mrs J Hocking R Margetts R Cranage Mrs R Fisher Mrs S Wardle Mrs J Ninnis
**Bankers** Barclays Bank King Street Truro
## **Investment Manager**
CCLA Investment Management Limited Senator House 85 Queen Victoria Street London EC4V 4ET
## **Independent Examiner**
Lang Bennetts Audit Limited The Old Carriage Works Moresk Road TRURO TR1 1DG
Page 1
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **CHAIRMAN’S FOREWARD**
## **Chairman’s Report 2022**
Although the world is getting back to more normal, after Covid, it has been interesting to see how things have changed for d/Deaf people. I have noticed how more and more interpreters are working “remotely”, not as much face-to-face. This has advantages, but I think it is important to keep reminding the NHS, how important it is to have face-to-face interpreters.
For many Deaf BSL users, it is still a struggle to understand how to use all the technology and we prefer if we can see the interpreter. I understand why Hearing Loss Cornwall have to explore the other options of using remote video services, but let’s hope that we can find a good balance between video and face-to-face.
It is concerning to see that bookings are still at a much lower level than before, and we can only hope that when the new opportunities for contracts come, that Hearing Loss Cornwall will be remain the contract providers. We know that this is our main source of income and that the charity will struggle without these funds.
However, it is good to know that we are managing to help d/Deaf people through our advocacy contract with Cornwall Council. We all know that there are many problems for d/Deaf people when they cannot make contact and everything is now done on computer. Again, we have to keep telling people that communication is always a problem and the providers of services need to understand this and work with us. Maybe younger people, in the future, will have fewer problems, but there are many d/Deaf people out there who find it very difficult to get people to listen to us, especially when we did not grow up with modern devices such as laptops and mobile phones.
It is also good to hear that we still have some money in the budget to support Deaf BSL counselling as we know that Mental Health is a big problem these days, especially since Covid.
I am glad to know that Hearing Loss Cornwall have been delivering Deaf Awareness Trainings to hospital and council staff. This way we can get our message across by explaining, but not complaining. As we know, there are at least one in five people living in Cornwall with some kind of hearing loss. That is a significant number of people that our charity represents and it is a privilege to be chairman of trustees to help get this deaf voice out into the community.
I expect that 2023 will bring new challenges that we will deal with, as they come along. Meanwhile, I would like to thank all the trustees and staff of Hearing Loss Cornwall, Paul, Denise and Clare, who continue to support the charity and its aims.
R. A. Fitzsimmons - Chairman
December 2022
Page 2
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **EXECUTIVE OFFICER’S REPORT**
## **Executive Report 2022**
This was to be the year when the newly formed Integrated Care Board, (ICB) was due to be set in motion with the various NHS services, Cornwall Council and the voluntary sector aiming to work together to improve accessibility, keep people fitter for longer with more preventative measures and services being supported
As the year drew to an end, it was very hard to ascertain whether any of these proposals had, or would, work going forward into the long-term future. What we did note was that the funding for the voluntary sector seemed to be directed, for the most part, straight to the Voluntary Sector Forum, who would have quite a big handle on where any funds would be allocated. There remain concerns that some of the smaller charities may not be in right place to benefit from this source of funding. Only time will tell, however, Hearing Loss Cornwall have remained very involved with the Disability Alliance, which places us in a stronger position to be considered for larger pots of money, that we would not be able to access on our own. From what we have experienced this alliance has proved to be very useful and gained us two big pots of money, most especially with the COMF fund which helped us be able to support Deaf BSL counselling.
We also continued to input our feedback into GOALD, (Generating Older Active Lives Digitally) Project, which was the University of Plymouth’s research project into future AI (artificial intelligence) devices that would help future older generations. Jane and Rachel have represented us, as trustees, on this project, along with some other volunteers. Jane has also been involved in discussions about the new build at RCHT. There does seem to be a commitment to get things right, but, as we know, getting the actions right can be hard work. This project will continue. From early reports, it seems that one of big accessibility issues remain around car parking more than the actual building! As we know from previous reports around car parks, the issue of speaking through a remotely manned system at the exit barrier continues to present huge challenges.
In other ways there have been few changes since 2021. PALS complaints have continued, responses from anyone and everyone are extremely slow and it has been a real challenge trying to find out who is doing what. There appear to have been many changes within staffing at both the NHS and Cornwall Council with a regular response of “I’m new here”! It is not that people are rude or dismissive, we just can’t move forward quickly on any matter.
Interpreter bookings continue to be a struggle, and people are waiting longer for appointments, often with two to three changes of date. We also continue to have problems with the recording of d/Deaf patients on all systems so this issue does not seem to have improved.
As yet, we have still not heard any more about the proposal to present more deaf awareness raising sessions to the ICB, most especially to staff at RCHT, so it appears that this remains an ongoing discussion. However, we did deliver a few sessions direct to the NHS, via online. This was a new skill for me and I am not sure I mastered it. We either experienced connections breaking, sound disappearing on the videos, files not uploading or other frustrations, but, for the most part, there was a good attendance and some useful feedback. Ultimately, it was interesting to discover what misconceptions remain around deafness and how to support patients, so these sessions were very useful.
We were also invited to offer several trainings to various businesses, sometimes due to the fact that they have some staff who have hearing loss and it has been great to have some face-to-face interaction which really helps to get the message across.
There has also been a lot more opportunity to go out to different organisations to give talks. These have been more geared to answering people’s concerns and questions and giving them information about where and how they can get support. The tinnitus group also started to be able to offer meetings again and it has been good for people to be able to get together again and share their thoughts and concerns.
Page 3
## **CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
Healthwatch presented a report about the challenges for d/Deaf people being properly recorded as having d/Deaf needs and this gave us a great opportunity to be reported in the press, and also to get some vital input from our local d/Deaf people who were invited to share their concerns. We also worked with Healthwatch and the Deaf Centre to gather some feedback about mental health issues so that this information could be included in public health reports. Our provision of advocacy support has been well received and the number of people that we have helped continues to grow. It looks like this service will prove to be essential as the internet takes over and d/Deaf people struggle with accessibility. It would be good if this is not the case for them, we will have to watch this space.
Our connections with various alliances such as the Disability Alliance, CEDN Cornwall Equality and Diversity Network) and other voluntary services have continued to grow. In fact, there has been a lot more interest in d/Deaf needs. This has not always been followed by any money, but the more the need is known about, the more likely some funding will follow.
Noting current trends around us, and based on contact through the office, the concern we have will be that services could be signposted to us without any funding support attached. Yet again, there is an uncertain picture which is not yet in focus. What we do know is that 2022 did bring with it changes that we are, as yet, unaware of and we will deal with them as best we can.
Clare Greenwood Executive Officer
Page 4
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Structure, governance and management**
_The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity._
Hearing Loss Cornwall (HLC) is the face and voice of the Deaf and Hard of Hearing people of Cornwall and the Isles of Scilly. It is a unique, local Cornish charity set up in 1931, and remains at the forefront of helping people living with deafness, hearing loss and tinnitus to live fulfilling lives in a world geared to sound.
It aims to assist the Deaf and deafened community to take control of their lives, break down barriers and help them to acknowledge their hearing loss and be able to take action. HLC offer frontline delivery services to NHS and other health and welfare providers to ensure vital communication support, creating essential links for the hearing community.
## **Communication Support**
On occasions we struggled to provide face to face appointments for the profoundly deaf community as there is shortage of qualified BSL Interpreters in Cornwall. Although we have been able to provide remote service in some instances.
NHS Cornwall & Isle of Scilly ICB have now taken over providing the service for doctors and other medical services with the exception of dental and optical services which are still provided by NHS England. We have also built on the relationship with interpreters in Devon thus seeing an increase in bookings for NHS Devon.
We have continued to engage with the NHS and Cornwall Council to ensure that d/Deaf people’s accessibility needs are taken care of and have worked hard with the business and voluntary sector to ensure that accessibility issues are addressed and needs met.
## **Containment Outbreak Management Fund (COMF)**
This was a pot of money, received through a Disability Alliance bid to Cornwall Council, to support projects where people may have been adversely affected by Covid. Hearing Loss Cornwall aimed to focus this project on Deaf people who use British Sign Language, as their chosen language, who have expressed concerns about their mental health and well-being, some, over a considerable period of time, with problems exacerbated by Covid 19.
This project was aimed at a person-centred approach, whereby the Deaf person could use their own language with someone who speaks the same language, with no intermediary involved, to benefit from BSLtoBSL counselling.
## **Generating Older Active Lives Digitally (GOALD)Project**
Hearing Loss Cornwall took part in this intergenerational project, alongside the University of Plymouth, to inform future developments of technologies that may support d/Deaf and older people to access important matters of everyday life – connecting to community and culture and heritage – in Cornwall. The aim was to gather information, and build on creating digital connections, to help transport older people into the new era of digital technology.
This was of great interest to our charity, as we work within the realm of communication support for those who are d/Deaf or live with hearing loss and tinnitus. It became very apparent, during Covid 19, that using accessible technology was going to become a very important, even vital, part of deaf people’s lives.
Page 5
## **CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
A total of 22 differing clients were serviced during the year. Eighty percent of the Communications Income was generated by five major clients namely NHS England, Royal Cornwall Hospital Trust, NHS Cornwall & Isle of Scilly ICB, Cornwall Partnership Foundation Trust and NHS Devon.
## **Governance**
Hearing Loss Cornwall has a small team which enables employees to work to their skills. Various new processes have been implemented over the previous years and these systems are now functioning well. Measures have been put in place to ensure that HLC follow guidance on GDPR.
Trustees are represented by Deaf, deafened, deaf, hard of hearing and hearing.
## **Our Team**
The team remains the same at HLC and having worked together for a few years, they understand their separate roles but are encouraged to work in support of each other. There are regular team meetings with the Executive Officer who endeavours to ensure that the team are content and working effectively
Whilst HLC only employ two part-time members of staff and a financial advisor, Hearing Loss Cornwall recognises that there may be times that we have to draw on outside resources to run the organisation effectively.
We will continue to streamline all of our processes so that our time can be most effectively spent on the charitable “cause”.
Page 6
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Volunteers and Membership**
Whilst we don’t benefit from a large number of members. The Rotary and Lions Clubs also continue to be very supportive when we have needed assistance at events which are challenging for Deaf people to volunteer for. We have also enlisted the offer of support from several people who became aware of our charity through various outreach events. We hope to grow this voluntary team.
## **Cyber Risk**
Our patient/client data is encrypted through our NHS email system and we generally address any user of our communication support service by their NHS number, not their name. This is a system adopted by our communication support workers for confidentiality reasons.
## **Data Protection**
HLC abides by the data protection act and shreds printed data and has its own Data Protection Policy to ensure the appropriate use of any data.
We will ALWAYS respect our supporters and benefactors and never share their data with third parties. We only work with British Sign Language interpreters who operate under the strict terms of their professional bodies, (ASLI and NRCPD).
## **Confidentiality**
We will continue to observe all measures in place to, only, share information when absolutely necessary, with the relevant parties, such as the interpreters and medical bodies. All emails to RCHT are sent through their secure system. We keep very little paperwork shredding as much as possible as we go along.
## **Risk and uncertainties**
## _**The charity sector is on the line - political, economic, social and technological challenge.**_
“Our findings indicate that clients reliant on public sector funding and/or fixed term contracts or grants, may be particularly vulnerable”
As noted in previous minutes and reports, we are now really noticing the significant changes in the voluntary sector, at Cornwall Council and throughout the NHS.
Whilst Trustees and staff continue to assess the major risks to which the charity is exposed, we are constantly trying to mitigate exposure to these risks, as a small organisation, we can only do so much to fight the new juggernaut of IT and removal of the “human touch” in the process.
If we lose contracts with the NHS and RCHT, then our ability to operate will be severely challenged. As such we will continue to keep a constant eye on what we can do to remain focussed on doing the best job we can in a very challenging climate of change and cuts in provision.
We shall continue to offer the services that we know are of benefit and are appreciated by our users, but we shall also look forward, in the world of modern technology, to addressing any future possibilities and look for opportunities that have not yet been explored. Innovation and creativity have opened up a whole new world to Deaf people, with technology, gadgets and apps in abundance. These are opportunities to explore, not ignore.
Page 7
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Risk Policy**
The Charity Commission require us to have a risk policy. Set out in the table are the major risks facing the charity.
|**Risk Description**|**Impact**|**Mitigation**|**Owner**|
|---|---|---|---|
|Income – HLC relies on
four major clients for
80% of income.|Lack of income will have
long term impact of the
viability of the Charity.|Continue to monitor
developments within the
Health Service.|Chief Executive Officer|
|Lack of Cashflow.|Lack of funds to meet the
Charity’s liabilities.|Micro-manage the debtor’s
ledger.|Finance Officer|
|Cyber attack on the
Charity’s Information
systems.|Disclosure of information
leading to scams and
possible fraud.|Anti-virus software and
secure password
management.|Finance Officer|
## **Reserves Policy**
The trustees believe that Hearing Loss Cornwall should hold financial reserves in order to ensure that the charity can operate and meet the needs of clients in the event of unforeseen and potentially financial damaging circumstances arising. It has taken into account the reliability and continuance of future funding, timing of cash flow and working capital requirements and potential liabilities relating to staff should there be closure of the charity.
The reserves policy has been developed based on the guidelines set out in the Charity Document CC19 and will be reviewed by the Trustee Board on annual basis.
The Charity reserves policy is to maintain a sufficient level of reserves to enable normal operating activities to continue over a period of six months should a shortfall in income occur and to take into account of any potential risks and contingencies that may arise from time to time. Therefore, have considered the amount equivalent to six months operating expenditure of £80,000.
Page 8
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Review of current and previous year funds**
|**FUNDS**|2022|2021|
|---|---|---|
||£|£|
|Unrestricted funds|191,214|213,745|
|Contingency reserve|80,000|80,000|
|Restricted funds|14,002|12,381|
||_______|_______|
|**TOTAL FUNDS**|**285,216**|**306,126**|
## **Restricted reserves**
The following funds are restricted by the funder and cannot be used for the general purposes of the charity. The current restricted funds are set out below:
||£|
|---|---|
|Clare Milne|9,715|
|Disability Cornwall|3,539|
|Awards for all|685|
|Wadebridge rotary|32|
|Cornwall Community|31|
||______|
|**Total**|**14,002**|
Approved by order of the board of trustees on 11[th] August 2023 and signed on its behalf by:
R A Fitzsimmons - Trustee
Page 9
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE**
## **Independent examiner's report to the trustees of Cornwall Association for Deaf and Hard of Hearing People**
I report to the charity trustees on my examination of the accounts of Cornwall Association for Deaf and Hard of Hearing People (the Trust) for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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:
1. accounting records were not kept in respect of the Trust 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.
James Pearce FCA Lang Bennetts Audit Limited The Old Carriage Works Moresk Road TRURO Cornwall TR1 1DG
Date: 15[th] August 2023
Page 10
## **CORNWALL ASSOCIATION FOR DEAF AND HARD**
## **OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
39,172
Other trading activities
3
128,110
Investment income
4
9,729
**Total**
177,011
**EXPENDITURE ON**
**Charitable activities**
5
Welfare and education
178,255
Net gains/(losses) on investments
(33,853)
**NET INCOME/(EXPENDITURE)**
(35,097)
**Transfers between funds**
15
12,566
**Net movement in funds**
(22,531)
**RECONCILIATION OF FUNDS**
Total funds brought forward
293,745
**TOTAL FUNDS CARRIED FORWARD**
271,214|Restricted
funds
£
22,816
-
-
22,816
8,629
-
14,187
(12,566)
1,621
12,381
14,002|2022
Total
funds
£
61,988
128,110
9,729
199,827
186,884
(33,853)
(20,910)
-
(20,910)
306,126
285,216|2021
Total
funds
£
38,089
137,265
9,710
185,064
176,792
35,344
43,616
-
43,616
262,510
306,126|
|---|---|---|---|
The notes form part of these financial statements
Page 11
## **CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **BALANCE SHEET 31 DECEMBER 2022**
||||||2022|2021|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||Total|Total|
|||funds|funds|funds|funds|funds|
||Notes|£|£||£|£|
|**FIXED ASSETS**|||||||
|Tangible assets|11|2,927||-|2,927|2,415|
|Investments|12|235,716|1,129||236,845|275,698|
|||238,643|1,129||239,772|278,113|
|**CURRENT ASSETS**|||||||
|Debtors|13|15,601||-|15,601|15,785|
|Cash at bank and in hand||28,781|12,873||41,654|20,069|
|||44,382|12,873||57,255|35,854|
|**CREDITORS**|||||||
|Amounts falling due within one year|14|(11,811)||-|(11,811)|(7,841)|
|**NET CURRENT ASSETS**||32,571|12,873||45,444|28,013|
|**TOTAL ASSETS LESS CURRENT**|||||||
|**LIABILITIES**||271,214|14,002||285,216|306,126|
|**NET ASSETS**||271,214|14,002||285,216|306,126|
|**FUNDS**|15||||||
|Unrestricted funds:|||||||
|General fund|||||191,214|213,745|
|Contingency reserve|||||80,000|80,000|
||||||271,214|293,745|
|Restricted funds|||||14,002|12,381|
|**TOTAL FUNDS**|||||285,216|306,126|
The financial statements were approved by the Board of Trustees and authorised for issue on 11[th] August 2023 and were signed on its behalf by:
R A Fitzsimmons - Trustee
The notes form part of these financial statements
Page 12
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Legacies**
Legacies are recognised on a case by case basis where the receipt of the legacy is considered probable and the amount can be measured reliably. A receipt will be probable if there has been a grant of probate: the executors have established that there are sufficient assets in the estate to pay is the legacy, after settling any liabilities; and any conditions attached to the legacy are either within the control of the charity or have been met. Where legacies have been notified to the Charity, or the Charity is aware of the granting of probate and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost Computer equipment - 25% on cost
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **2. DONATIONS AND LEGACIES**
|Donations and fundraising
Grants
Grants received, included in the above, are as follows:
Clare Milne
Disability Cornwall
Cornwall Council
**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Deaf awareness training
Communications support
Speech to text
**4.**
**INVESTMENT INCOME**
Income from listed investments
**5.**
**CHARITABLE ACTIVITIES COSTS**
Welfare and education|Direct
Costs (see
note 6)
£
98,328||
|---|---|---|
continued...
Page 14
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **6. DIRECT COSTS OF CHARITABLE ACTIVITIES**
## **7.**
|2022
£
Interpreter costs
78,879
Speech to text
5,488
Awareness raising in action
-
Advocacy support
7,097
Counselling
6,114
GOALD
750
98,328
**SUPPORT COSTS**
Governance
Management
Finance
costs
£
£
£
Welfare and education
68,481
119
19,956|2021
£
83,556
3,381
515
1,195
2,042
-
90,689
Totals
£
88,556|
|---|---|
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **Trustees' expenses**
Trustees' expenses of £110 were paid for the year ended 31 December 2022 (2021: £55).
## **9. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Administration
No employees received emoluments in excess of £60,000.
**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
25,274
Other trading activities
137,265
Investment income
9,710
**Total**
172,249
**EXPENDITURE ON**
**Charitable activities**
Welfare and education
174,272|2022
2
Restricted
funds
£
12,815
-
-
12,815
2,520|2021
2
Total
funds
£
38,089
137,265
9,710
185,064
176,792|
|---|---|---|
Page 15
continued...
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
|**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
funds
funds
£
£
Net gains on investments
35,344
-
**NET INCOME**
33,321
10,295
**Transfers between funds**
1,131
(1,131)
**Net movement in funds**
34,452
9,164
**RECONCILIATION OF FUNDS**
Total funds brought forward
259,293
3,217
**TOTAL FUNDS CARRIED FORWARD**
293,745
12,381
**11.**
**TANGIBLE FIXED ASSETS**
Fixtures
and
Computer
fittings
equipment
£
£
**COST**
At 1 January 2022
2,829
8,910
Additions
-
1,406
At 31 December 2022
2,829
10,316
**DEPRECIATION**
At 1 January 2022
1,673
7,651
Charge for year
175
719
At 31 December 2022
1,848
8,370
**NET BOOK VALUE**
At 31 December 2022
981
1,946
At 31 December 2021
1,156
1,259|Total
funds
£
35,344
43,616
-
43,616
262,510
306,126
Totals
£
11,739
1,406
13,145
9,324
894
10,218
2,927
2,415|
|---|---|
Page 16
continued...
## **CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **12. FIXED ASSET INVESTMENTS**
||Listed|
|---|---|
||investments|
||£|
|**MARKET VALUE**||
|At 1 January 2022|275,698|
|Disposals|(6,028)|
|Revaluations|(32,825)|
|At 31 December 2022|236,845|
|**NET BOOK VALUE**||
|At 31 December 2022|236,845|
|At 31 December 2021|275,698|
There were no investment assets outside the UK.
## **13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Other debtors
Prepayments and accrued income|2022
£
6,748
5,000
3,853
15,601|2021
£
7,141
5,000
3,644
15,785|
|---|---|---|
## **14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Taxation and social security
Other creditors|2022
£
9,454
215
2,142
11,811|2021
£
4,782
767
2,292
7,841|
|---|---|---|
## **15. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Contingency reserve
**Restricted funds**
Project costs
**TOTAL FUNDS**|At 1/1/22
£
213,745
80,000
293,745
12,381
306,126|Net
movement
in funds
£
(35,097)
-
(35,097)
14,187
(20,910)|Transfers
between
funds
£
12,566
-
12,566
(12,566)
-|At
31/12/22
£
191,214
80,000
271,214
14,002
285,216|
|---|---|---|---|---|
continued...
Page 17
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **15. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Project costs
**TOTAL FUNDS**|Incoming
resources
£
177,011
22,816
199,827|Resources
expended
£
(178,255)
(8,629)
(186,884)|Gains and
Movement
losses
in funds
£
£
(33,853)
(35,097)
-
14,187
(33,853)
(20,910)|
|---|---|---|---|
## **Comparatives for movement in funds**
|Net
movement
At 1/1/21
in funds
£
£
**Unrestricted funds**
General fund
179,293
33,321
Contingency reserve
80,000
-
259,293
33,321
**Restricted funds**
Project costs
3,217
10,295
**TOTAL FUNDS**
262,510
43,616
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
172,249
(174,272)
**Restricted funds**
Project costs
12,815
(2,520)
**TOTAL FUNDS**
185,064
(176,792)|Transfers
between
At
funds
31/12/21
£
£
1,131
213,745
-
80,000
1,131
293,745
(1,131)
12,381
-
306,126
Gains and
Movement
losses
in funds
£
£
35,344
33,321
-
10,295
35,344
43,616|
|---|---|
continued...
Page 18
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **15. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Contingency reserve
**Restricted funds**
Project costs
**TOTAL FUNDS**|At 1/1/21
£
179,293
80,000
259,293
3,217
262,510|Net
movement
in funds
£
(1,776)
-
(1,776)
24,482
22,706|Transfers
between
funds
£
13,697
-
13,697
(13,697)
-|At
31/12/22
£
191,214
80,000
271,214
14,002
285,216|
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Project costs
**TOTAL FUNDS**|Incoming
resources
£
349,260
35,631
384,891|Resources
expended
£
(352,527)
(11,149)
(363,676)|Gains and
Movement
losses
in funds
£
£
1,491
(1,776)
-
24,482
1,491
22,706|
|---|---|---|---|
The contingency reserve represents six months of running costs set aside to enable normal operating activities to continue in the event of a shortfall in income or other potential risks and contingencies that may arise from time to time.
The restricted reserve represents funds received for the improvement of the health and mental well being of deaf people, providing a technology platform for the profoundly deaf, counselling and advocacy costs.
continued...
Page 19
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **16. RELATED PARTY DISCLOSURES**
During the year the charity paid Trustees' expenses of £110 (2021: £55).
Page 20
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations and fundraising
Grants
**Other trading activities**
Fundraising events
Deaf awareness training
Communications support
Speech to text
**Investment income**
Income from listed investments
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Interpreter costs
Speech to text
Awareness raising in action
Advocacy support
Counselling
GOALD
**Support costs**
**Management**
Wages
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Staff training
Rent
Software support
Carried forward|2022
£
24,172
37,816
61,988
50
1,400
118,904
7,756
128,110
9,729
199,827
78,879
5,488
-
7,097
6,114
750
98,328
44,203
1,342
380
1,101
2,098
1,804
1,110
255
1,674
225
12,574
820
67,586|2021
£
19,873
18,216
38,089
2,778
250
130,207
4,030
137,265
9,710
185,064
83,556
3,381
515
1,195
2,042
-
90,689
42,634
1,279
393
1,112
2,774
1,737
1,604
240
835
345
12,541
457
65,951|
|---|---|---|
This page does not form part of the statutory financial statements
Page 21
**CORNWALL ASSOCIATION FOR DEAF AND HARD OF HEARING PEOPLE TRADING AS HEARING LOSS CORNWALL**
|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**FOR THE YEAR ENDED 31 DECEMBER 2022**
**Management**
Brought forward
Fixtures and fittings
Computer equipment
**Finance**
Bank charges
**Governance costs**
Independent examiner's fee
Wages and officers' fees
Total resources expended
**Net income before gains and losses**
**Realised recognised gains and losses**
Realised gains/(losses) on fixed asset investments
**Net income**|2022
£
67,586
176
719
68,481
119
1,956
18,000
19,956
186,884
12,943
(1,028)
11,915|2021
£
65,951
641
211
66,803
79
1,971
17,250
19,221
176,792
8,272
266
8,538|
|---|---|---|
This page does not form part of the statutory financial statements
Page 22