Smalles Goldie Group REATINfj ADVAtrITAG REGISTERED COMPANY NUMBER: 00210796 (England and Wales) REGISTERED CHARITY NUMBER: 220773 The Hull and East Yorkshire Centre for the Deaf Financial Statements 31st December 2021 SD-0204423-1 ICAEW CHARTERED ACCOUNTANT5
The Hull and East Yorkshire Centre for the Deaf Contents of the Financial S,tatements for the year ended 31st December 2021 Page Report of the Trnstees Report of the Independent Auditor5 Ststement of Financial Actsvities Balance Sheet Notes to the Financial SLitemants 11 Detailed Statement of Financial Activiti8s 21
The Hull and East Yorkshire Centre for the Deaf Report of the Trustees ftir the year ended 31st December 2021 The Iruslees who are also directors of the charity for purtx)ses of the Companie5 Act 2006, present their report with the financial statements of the charity for the year ended 31 sl December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordanct with the Finawal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 Janltary 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The principal objedive of the Centre is the provisn d sctial amenities, re(xealional and other facilities for people who are either deaf or hard of hearing. The four inlemal committees develop, plan and implement the members social and other requirernents. which are limited only by the resources prOVed by the building, and the requirements of the Management Committee and Board of Management. ACHIEVEMENT AND PERFORMANCE Achigvoments and perfonnanc8 The provision of a warm, comfortable and well equipped s(Kxal centre which has a finanaally sound future is the only meaningful measure of achievemenl and perfornan. This is being consistently achiev& and is expected to be maintained for the for&seeable future. The prime source of funding of the charity is income from the investment portfolio, which is supplemented by donations and legacies. The investrnent portfol ts in the discretionary management of Kieinwort Hambros. The board are visited by Kleinwort Hambros annually in order to VIeW F*rformance, which is currently satisfactory when measured against agreed investment objeclrves. FINANCIAL REVIEW Flnancial position The charity's income for the year ended 31 December 2021 was £38.953 {2020.. £45,760). Totsl expenditure amounted to £99,294 12020- £83.9561 and net gains on investments were £79,6 12020." loss £59,350) resultiro in 8 surplus of £19,35512020.. deficit £97.5461. The charity had unrestrided reserves of £1,272,083 (2020". £1,252.7281 and restricted reserves of £2,84412020". £2,844} at the year end. Taking into account the nature of the charitys income streams. the trustees are of the view that reserves at these levels are sufficient. STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming document The HLJII and East ykShire Centre for the tjeaf (IncortK)rated) is a charitable company limited by guarantee as defined by the Companies Act 2(, incorporated on 19th November. 1925. The company was established by the Memorandum of Association which sets out the objecas and p(Y•vers of the charitable company and is governed under ils Articles of Association. It was resolved in 2015 that updaled Articles under the Companies Acl 2006 be adopted. In the event of the company being wound up members are required to contribute an amount not exceeding £10. Recruitment and appointment lo the Board of Management The Board of Management of the company are also charity trustees f( the purpK)se of charity law and under the company's Articles are known as directors of the Centre. UThJer the requirements of the Memorandum and Arlides of knation one third of the membws of the Board of Management are subject to retirement by rotation. The rd of Management can cSst d not more than twenty five indNHluals but is not subject to any minimum. Recruitment of Board members is undertaken by the personal in1rc1cI10n of an exisb'ng Board member. The Board presently indudes four members who are pn)foundly deaf and are active members of the Centre. Page 1
The Hull and East Yorkshire Centre for the Deaf Report of the Trustees for the year ended 31st D8cember 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure The Centre has a resident Manager, a qualified sigw. who is res[sIble for control of the day to day needs and requirements of the profoundly deaf members and supervision of the premises. equipment and minib¢Js. She is invited to attend all board meeb.ngs as a guest. A Management Committee. (x)mprising 15 deaf members and four Board members. one of them being the Chairman, meets quartedy, usually two weeks befrye the Board, and deals with the genero1 running requirements, n5 and requests of the members. Chaimian reports lo the Board all mallers that are of relevance or require Board agreement ¢y approval. Four internal committees, Sports, Over 55s, Social and Bar. are run entirely by the deaf members of the Centre, with any mallers requiring further consideration being reported to the Management Committee and thence to the Board as necessary. Board Member Induction New recruits lo the Board are vetted thrtwgh attendan at a Board meeting, before being apwinted, lo establish their skills and potential conlribulion. The prime requirement of a Board member is allendance at four quartedy Board meetings each year th any further input being related to their established skills. Each Board meeting provides an ideal opportunity for any new Board member lo ask for information or explanation about any aspect of the affairs of the Centre. On appointment each new Board member is provided wth a copy of the Charity Commission tK)oklet CC3- The Essential Trustee." What you need lo know. Related parties The Centre is finanaally independent and there are m relat1 parties. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Company number 00210796 (England and Wales) Registered Charity number 220773 Registered office 63 Spring Bank Hull East Yorkshire HU3 1AG Page 2
The Hull and East Yorkshire Centre for the Deaf Report of the Trustees for the year ended 31st December 2021 Trustees J R Barnes (Treasurer) M H Rothwdl D M Terry Ichaimian) M Hayes (resigned 16.6.20211 J M Sirnpsoll R Smedley M Ashursl Y Barwick (Secretary) S J Smith L J TaOr (appointed 22.9.2021) D C Franklin lappoinled 1.12.2021) S Harness (appointed 1.12.20211 K Dorley (appointed 3.3.2022) A Mason {appointl 3.3.2022) Audito Smalles Goldie Chartered Accountants Stsiulory Auditor Regent's Court Princess Stred Hull East Yorkshire HU2 8BA Banke HSBC Bank PIC 34 Jameson Street Hull East Yorkshire HUI 3JX Solicitors Rollils LLP Ciladel House 58 High Street Hull HU1 1QE Investment Managers SG Kleinwort Hambros Bank Limited 8 Sl James's Square London SW1Y 4JU STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directors of The Hull and East Yorkshire Centre for the Deaf {Incorporatedl Registered Charity for the purFX)ses of company law} are responsible for preparing the Report of the Trustees and the financial statements in a{rdanCe wslh applicable law and United Kingdom Accounb"ng Standards {Uniled Kingdom Generally AiTrpted A(mJnting pract). Page 3
The Hull and East Yorkshire Centre for the Deaf Report of the Trustees for the year ended 31st December 2021 STATEMENT OF TRUSTEES. RESPONSIBILITIES- continued Company law requires the trustees to prepare financial statements for each financial year which give 2 true and fair view of the state of affairs of the charitable company and of the incTrming resour and application of resources, including the income and expenditure, of the tharttable company for that pericKI. In preparing those Inancial slalernenls, the trustees are required to select suttable 8cc(unting policies and then apply them (x)nsistenUy' observe the melh(xJs and principles in the Charity SORP., make judgements and eslirnates that are asonable and piudent", prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charitable company will continue in business. The trustees are responsible for keeping proper accwnling rerdS which disclose with reasonable accuracy al any lime the financial tK)silion of the charitable company and to enable them lo ensure that the financial sl2lemenls comply with the Companies Act 2QK6. They are also responsible for safeguarding the assets of the charitable company and hen for taking reasonatAe steps for the prevention and detection of fraud and other irregularities. n so far as the trustees are aware.. the is no relevanl audit information of vthich the charilable cJ)mpan5 auditors are unaware", and the trustees have taken all steps that they ought lo have taken to make themselves aware of any relevant audit information and lo establish that the au¢Yilors are aware of that information. AUDITORS The auditors, Smailes Goldie. NMII be proposed fcr rapPointrnent at the forthcoming Annual General Meeting. Approved by order of the tard of une 2022 and si on its behalf by.. D M Terry IChairman)- Trustee Page 4
Report of the Independent Auditors to the Members of The Hull and East Yorkshire Centre for the Deaf Opinion We have audited the financial statements of The Hull East Yorkshire Centre for the De8f (Incorporated) Registered Charity {the 'charilable company,) for the year ended 31 st 0mber 2021 whith rAimprise the Slalemenl of Financial Activities, the Balan Sheet and noles to the financial statements, induding a summary of significant aco)unting policies. The financial rewKLirYJ framework that ha5 been applied in their preparation is applicable law and United Kingdom Ac(xyJnting Stsndards (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial statements-. give a true and fair view of the stale of the charitable (Thipany's affairs a5 at 31 st December 2021 2nd of its incoming resources and application of reSoUrs. induding its income and eXpelldltu, for the year then ended., have been properly prepared in aC(X)rdar Vth United Kingdom Generally Accepted ALv)unling Practice,. and ave been prepared in a¢Xdance vAth the requirements of the Companies Act 20(. Basls for opinion We conducted our audrt in accordan with International Standards on Auditing (UK) {ISAs {UK}} and applicable law. Our responsibilities undw those standards are further desc¥iW in the Auditors, responsibilities for the audit of the finanoal slalements section of our report_ We are independent of the charitable company in accordanix with the ethical requirements that are rthvant to our audit of the financial statement5 in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical resFrt)nsibililies in accordance with these requirements. We believe that the au¢Yit eviiJenc we have obtained Is sufflent and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have conduded that the truslees. use of the going concern basis of a(oUntIng in the pparation of the financial statements is appropriate. Based on the work we have performed. we have not identtfied any material UrertaIntieS rdaling to events or conditions that, individually or cdlectivety, rnay cast slgnrfint doubt on the charitable company's ability to continue as a going Ixincern for a Ftri¢>J of at least twelve monlhs from when the finanaal slaternents are authorised for issue_ Our responsibilities and the responsibilities of the trustees wth resped lo going concern are described in the relevanl sections of this rewL Other inforniation The trustees are responsible for the other infom)ation. The other inforrnation comprises the information included in the Annual Report, other than Ihe financial statements and our Report of the Independent Auditors thereon. Our opinion on Ihe financial Statements does noi cover the other infomiation and, except to the extent otherwise explicitly slated in wr retKKt. do not express any forn of assurance condusion Ihereon. In connection wlh our audit of the financial stalements, our nsIbIlity is to read the other information and, in doing so, consider whether the other information is materially incorisistent with the financial slalemenls or our knowledge obtained in the audit or otherwse appears lo be materially misstated. If we identify such material inconsislencies or apparent material misstatements. we are required to delemiine whether this gives rise to a tnatefial misslalement in the financial statements themsefves. If, based on the work we have performed, we condude that there is a material misstatement this (her infomiation. we are required to report that fact. We have nothing lo report in this regard. Page 5
Report of the Independent Auditors to the Members of The Hull and East Yorkshire Centre for the Deaf Opinlons on other matter5 PcrIbed by the Companies Act 2006 In our opinion, based on the work undertaken in the txxjrse of the audit.. the information given in the Report of the Trustees for the financial year for vlhich the finanaal statements are prepared is nsIStent vthh the financial statements". and the Report of the Trustees has bn prepared in accordance wth applicable legal requirements. Matters on which we are required to report by exception In the light of the knedge and understanding of the d)aritable company and its environment obtained in the course of the audit, we have not identrfied material misstatements in the Report of the Trustees. We have nothing to report in respect of the folloNMng matters where the Companies Act 2CQ6 requi$ us to report to you rf, in our opinion.. adequate acCntIng records have not been kept or relums adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the a(xx)unling rerdS and retums", or certain disclosures of trustees. remuneration specffied by law are not made., or we have not received all the infomalion and explanations we require for our audit", or the trustees were not entitled to take advantage of the small c£smpanies exemption from the requirement to prepare a Strategic Report or in preparing the RepcKi cl the Trustees. Responsibilitigs of trustees As explained more fully in the Slalemenl of Trustees. Responsibilities. the trustees (who are also the direclors of the charitable company for the purposes ol company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair VEW, and for 5u¢h internal (x)nlrol as the trustees determine is neiEssary to enable the preparation of financial statements that are free from material misstalemenl. whether due lo fraud or error_ In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability lo continue as a going o)ncern, disdosing, as applicable, matters related to going concern and Ljsing the gng concem basis of a(xounting unless the truStS either intend to liquidate the charitable company or lo cease operations. or have no realistic allemative but to do so. Our responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the finanoal statements 85 a whole are free from material misslalement. whether due lo fraud or error, and to issue a Report of the Independent Audrtors that includes our opinion. Reasonable assur3r is a high level of assurance, bul is not a guarantee that an audit conducted in accordance wth ISAS (UK) wll always delect a malerkal misstatement wherTr Il exists. Misstatements can arise from fraud or error and are c¥)nsidered malerial rf. individually or in the aggregate, they could reasonably be expecled lo influence the economic decisions of users taken on the basis of these financial slalemenls. The extent lo which our predureS are capable of dettIng irrwjlarities, induding fraud is detailed below.. Our approach to identtfying and assessing the risks of material misstalemenl in respect of irregularities, inclLJding fraud and non-complian with laws and regulations, was fwJsed on specific laws and regulations which we tx)nsidered may have a direcl material effect on the financial statements or the operations of the company, including the Companies Act 2CN)6. tax legislation, data protection, anli-bribery, employment. environmental and heallh and safety legislation. An understanding of these laws and regulations and the extent of Compliar was obtain1 Ihrough discussion with management and inspecting legal and regulatory corresponden. We assessed the SUSptibIIty of the company's financtal statements lo material misstatement, including obtaining an understandin9 of how fraud might occur, by making enquiries of management and considering the intemal contr(As in pla to mitigate risks of fraud and non-compliance wilh laws and regulations. Page 6
Report of the Independent Auditors to the Members of The Hull and East Yorkshire Centre for the Deaf To address the risk of fraud thrwgh management bias and override of wntrols, we: -performed analytical prdureS lo identfy any unusual or unexpected relationships- -assessed whether judgements arKI 2ssumpts.ons made in delermining the aCntIng estimates were indicative of potential bias,. and -investigated the rationale h1nd signrfi(2nt unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations. we designed pro(*dures which included, but were not limited lo= -agreeing financial statement di5dosures to undertying supporting d(umentation.' -reading the fflinules of meetings of those charged wtth g0Veman., -enquiring of management as lo actual and potential Ittigation and daims" Due to the inherent limitations of an audtl. there is a risk that we wll not detect all irregularities. induding those leading lo a material misstatement in the finanaal staternents or non-compliance with regulation. This risk increases the more that Cornplian smth a law or regulation is removed from the events and transactions reflected in the financial statements. as we will be less likdy lo tecome abrdre of instanS of non-complian. Auditing standards also limit the audit procedures ruIred to identrfy non-compliance wth laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, rf any. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves intentional concealment, forgery. cdlusion, omission, misrepresentation. A further descriplion of our responsibilities for the audit of the financial statements is located on the Finanual Reporting Council's website at wWw.frc.org.uaudIl0rsresponsibIllts"eS_ This desuiption forms part of our Report of the Independent Auditors. Use of our report This report is made sdely to the charilable 1MpanY'S members. as a l)cKly. in aC{x)r(Jan with Chapter 3 of Part 16 of the Companies Act 20LK. Our audit work has been undertaken so that we might slate lo the charitable company's member5 those matters we are required lo stale lo them in an auditors. report and for no other purpose. To the fullest extent pemiitted by law, we do not acp1 or assume resK)onsibilily lo anyone other than the charitsble o)mpany and the charitable (1)mpanS members as a boxly, for our audit work. for this report, or for the opinions we have formed. Luke Taylor Bsc (Hons) ACA Isenicw Statutory Auditor) for and on behalf of Smalles Gdie Chartered Accountants Statutory Auditor Regent's Court Princess Street Hull East Yorkshire HU2 8BA 8th June 2022 Page 7
The Hull and East Yorkshire Centre for the Deaf Statement of Financial Activities for the yeor ended 31st Deceml)er 2021 2021 Total funds 2020 Total funds Unrestricted Restricted fund fund Notes INCOME AND ENDOWMENTS FROM DonatonS and legacies 4.308 9,092 Investment income 34.645 36,668 Total 38.953 38,953 45,760 EXPENDITURE ON Raising funds 10,559 10.559 9,628 Charitable activities Costs of activities in fUrtherar of the charity's objects 88,73S 88.735 74.328 Total 83,956 Net gainsl(lossesl on investments 79.696 59,3501 NET INCOMEI{EXPENDITURE) 19.355 19.355 (97,546) RECONCILJATION OF FUNDS Total funds brought foThvard 1,252.728 1.255.572 1,353,118 TOTAL FUNDS CARRIED FORWARD 1.272,083 2.844 1.274.927 1,255,572 The notes form part of these finanoal statements Page 8
The Hull and East Yorkshire Centre for the Deaf (Registered number: 00210796) Balance Sheet 31st December 2021 2021 Total funds 2020 Total funds Unrestricted fund Restricted fund Notes FIXED ASSETS Tangible assets Investments 75.427 10 1 179,760 75.427 1.179.760 76,826 1,139,649 1.255.187 1.255.187 1.216.475 CURRENT ASSETS Debtors Cash al bank and in hand 11 6,286 20.795 6.286 23,639 6,131 41,983 27.081 29,925 48.114 CREDITORS Amounts falling due wthin one year 12 110,185) 110.185) 19,0171 NET CURRENT ASSETS 16.896 19,740 39.097 TOTAL ASSETS LESS CURRENT LIABILfflES 1.272.083 1.274.927 1,255,572 NET ASSETS 1.272.083 1274,927 1.255.572 FUNDS Unrestricted funds Restricted funds 13 1.272.083 1,252,728 2,844 TOTAL FUNDS 1.274,927 1,255,572 The notes fomi part of these finanaal statements Page 9 continued...
The Hull and East Yorkshire Centre for the Deaf (Registered number: 00210796) Balance Sheet - continued 31st December 2021 These financial statements have been prepared in atx0rdan wth the provisions applicable to charitable companies subject lo the small companies regime. The financial statements were approved by the Board of Trustees and authDfised for issue on 8th June 2022 and were signed on its behalf by.. D M Terry {Chairman)- Trustee , j./f f£/( J R Barnes (Treasurerl- Tnjstee The notes form part of these finanaal statements Page 10
The Hull and East Yorkshire Centre for the Deaf Notes to the Financial Statements ftjr the year ended 31st December 2021 ACCOUNTING POLICIES General inf0mtIOn and basis of preparation The Hull and East Yorkshire Centre for the Deaf is a private mpally, limited by guarantee, registered in England 2nd Wales. The company's registered number and register1 address is given on page 2 of these finanryal statements. The financial stalernents of the charrty, which is a public benefit entity under FRS 102, have been prepared in a(X)Ydan with the Charities SQRP IFRS 1021 'A[Untij and Reporting by Charities.. Statement of Recommended practi applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applii*ble in the UK and Republic of Iland IFRS 1021 {effective 1 January 2019}', Financial ReFK)rtifvJ Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. aThJ the Charities Act 2011. The financial statements have been prepared under the historical cost convention. vith the eXpIlon of investments which are included at market value, as modrfied by the revaluation of certain assets. The financial statements are prepared on a goiThJ concem basis under the historical cosl convention, rnodified lo indude certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rcunded lo the nearest pnd. The significant accounting wAicies applied in the preparation of these finanal st2tements are set out below. These policies have been consistently applied to all years presented unless otheNise stated. Incomg recognition l In)ming resources are induded in the Statemenl of Finaal Adivities (SOFA) when the charity is legally enlilled lo the income after any performart cditIOnS have been met, the amount can be measured reliably and it Is prObate that the In(}e wiu be receiv. For donations lo be recognised the charity wll have eT notified of the amounts and the settlement date in writing. If there are corsditions attached to the donalion and this require5 a level of performance before enlillemenl can be obtained then income is deferred until those conditions are fully met or the fulrilment of those o)ndItnS is within the control of the tharity and il is probable that they wll be fulfilled. For legacies, entitlement is the eartier of the charity being notified of an impending dislribulion or the 1gJacy being received. Al this point income is recX)gnisl. On (s1On legacies will be notified lo the charity however it is not possible to measure the amount expecled to be distributed. On these occasions, the legacy is treated as a (x)ntinwt asset and disdosed. Investment in(x)me is eamed through hdIng assets investmenl purposes such as shares. It indudes dividends and interest. Where il is not practiC2ble to identify inveslmenl management costs incurred wlhin a scheme with reasonable accuracy the Investment income is reported net of these costs. It is included when Ihe amount can be measur&J reliably. Interest income is reccKJnised using the effective interest meth¢)J and divmjend ino)me is recognised as the charity's right to re1ve payment is established. Expenditure recognition Al expenditure is accounted for on an acuuals basis and has been Classifi under headings that aggregate all costs related to the category. Expenditure is reu)gnise(I where there is a legal or constru¢live obligation to make payments to third parties, it is probable that the settlement wll be required and the amount of the obligation can be measured reliably. It is categorised under the fdlowng headings.. Costs of raising funds indudes portfolio management fee5 in re5pecL of the charity's investments Pa9e11 continued...
The Hull and East Yorkshire Centre for the Deaf Notes to the Financial Statements - continued ft>r the year ended 31st December 2021 ACCOUNTING POLICIES- continu Expenditure rocognition Expenditure on charitable activities includes all Oth runniThJ costs of the charity Grants payable lo third parties are wthin the charitatle objectives. Where unconditional grants are offered, this is a(med as scx)n as the reup¢ent is notffied of the grant, as this gives rise lo a reasonable expectation that the recipient wll receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled ¢x)nditions are outside of the conlrol of the charty. Support cosl allocatlon Supwt costs are those that assist the work of the tharity but do not directly represent charitable activities and indude office costs, govemance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the tharity and indude project management carried out at Headquarters. Where suppcxt costs cannot be directly attributed lo particular headings they have been allted to wsl of raising fulS and expenditure on charitable activities on a basis consistent with use of the reSoUrs. PmiseS overheads have been allocat on an insert detail basis and other overhead5 have been allted on an insert detail basis. Fund-raising cx)sls are those illcutred in seeking vduntary ntributIOnS and do not indude Ihe costs of disseminating information in support of the charitable aclivities. Tangiblg fixed assets Depreciation is provided al the following annual rat in order lo wrile off each asset over tts ests"mated useful life. Freehold property Improvemellls to property Fixtures and fittings 1%on cost 10A on cost 25°A on cost and 10Yo on cost Tangible fixed assets are statj at cx)st (( deemed $t) valuation less accJJrnulaled depreciation and accumulat impairment losses. Cost indudes costs directly attributable lo making the asset capable of operating as intended. Taxation The charity is an exempl charity Y1n the meaning of schedule 3 of the Charities Act 2011 and is onsidered to pass the tests set out in Paragraph 1 sChUle 6 Finan Act 2010 and therefore it meets the definition of a charFtable company for UK ccryjration tax purposes. Value added tax is not recoverable by the Centre and is charged lo the statement of financial activities or balance sheet, as incurred. Funds Unrestricted funds are available for use at the discxeli)n of ihe trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in 2(xX)r(1an vmth specrfic restrictions imposed by onors or which have been raised by the charity for partlar purposes. The thst of raising and administering such funds are charged against the swific fund. The aim arKI use of each restricted fund is set out in the notes lo the financial statements. Page 12 (x)niinued...
The Hull and East Yorkshire Centre for the Deaf Notes to the Financial Statements - continued for the year ended 31st Decembor 2021 ACCOUNTING POLICIES - continued Investments Investments are recognised initially at fair value which is rtormally the transaction price excluding transaclion Sts. Subsequenuy. they are measured at fair value with changes recognised in 'nel gains l {losses} on investments. in the SOFA rf the shares are tmjblidy traded or their fair value call otherwise be measured reliably. Debtors and creditor5 Debtors and creditors with no Stat interest rate and re1vable payatJe within one year are recorded al transaction pre. Any losses arising from impairment are recognised in expenditure. Impairnient Assets not measured at fair value are reviewed for any indicalion that the asset may be impaired at each balance sheet date. If such indication exists. the rewverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the (arying amount. Where the carrying amount eXed5 its recoverable amtsJnl. an impairment loss is reccxJnised in Profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. Provisions Provisions are recc*Jnised vthen the charity has an obligation at the balan sheet date as a sU11 of a past event, il is probable that an tsJffiow of economic benefits wll be required in settlement and the amount can reliably estimated. Employga benefits When employees have rendefed Serv to the charity, short-term employee benefits to which the employees are entitled are recognised at the undis(x)unled amount expeded to be paid in exchange for that Service. The charity operates a defined Ix)nlribub"on plan for the benefit of its ernployees. Contributions are expensed as they become payable. Going concem The financial statements have been prepared on a gryng concem basis as the trustees believe that no material unrtainl exist. The twslees have considered the level of funds hdd 8nd the expected level of income and expenditure for 12 months from authorising these financial slatements. The budgeted income and expenditure is sufficient with the level of resee5 for Ihe tharily lo be able to continue as a going concem. Page 13 continued...
The Hull and East Yorkshire Centre for the Deaf Notes to the Financial Statements - continued for the year ended 31st December 2021 DONATIONS AND LEGACIES 2021 2020 Donations Legactes 2.805 1,$03 9,092 4,308 9,092 INVESTMENT INCOME 2021 2020 Fixed asset investment income 34,645 36,668 AJI of the income above VRS attritmjtable to unrestricted funds. RAISING FUNDS Investment management cosls 2021 2020 Portfolio management 10.wj 9,628 All of the expenditure ate was allribulabie to Unrestrict funds. NET INCOMEI{EXPENDITUREI Net inc0mel{expendituI is stated after djargin(Cr1ting). 2021 2020 Auditors, remuneration Auditors, remuneration for non audit work Depreciation - owned assets Unrealised{Piofityloss on investments 2,934 3,059 1,399 48.093 2,983 2,225 1,605 59,350) Page 14 Cx)ntinued...
The Hull and East Yorkshire Centre for the Deaf Notes to the Financial Statements - continued ft¥r the year ended 31st December 2021 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, rernuneration cher benefits for the year ended 31 st Dember 2021 nor for the year ended 31st Dmber 2020. Trustees. expenses There were no trustees. eXnSeS paid fr the year ended 31st December 2021 noT for the year ended 31st December 2020. The twstees have taken out ilemnitY Insuran at a o)sl this year of £309 {2020: £269). STAFF COSTS 2021 2020 Wages and salaries Other pension costs 29.n3 1.156 28,939 1.200 30.929 30,139 The average monthly number of ernployees during the year was as follows: 2021 2020 Charitable aclivities No ernoYeeS receNed emoluments in excess of £60,tKX). COMPARATIVES FOR THE STATEME1 OF FINANCIAL ACTIVITIES Unrestricted Restricted fu fund Total funds INCOME AND ENDOWMENTS FROM Donations and legaues 8,792 300 9.092 Investment income 36.668 Total 45.460 45,760 EXPENDITURE ON Raising funds 9,628 9,628 Charitable activities Costs of activities in furtheranc of the charity's objects 73.328 1.0 74,328 Total 82,956 1,000 83.956 Net gainsl(losses) on investments 59,350 59,3501 NET INCOMEIIEXPENDITURE} 196,846) {700) {97,5461 Page 15 continued...
The Hull and East Yorkshire Centre for the Deaf Notes to the Financial Statements - continued for the yeor ended 31st December 2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AGfiviTIES - continued Unrestricted Restricted fund fund Total funds Transfers between funds 3.494 3,494 Net mov•m•nt In funds 199.352) 14. 194) {Q7.546) RECONCIUATION OF FUNDS Tolal funds brought fOard 1,346,080 7,038 1,353,118 TOTAL FUNDS CARRIED FORWARD 1,252.728 1,255,572 TANGIBLE FIXED ASSETS Improvements lo property Fixtures and rittings FreehcAd property COST Al 1st January 2021 and 31st December 2021 62.326 55.744 52.131 DEPRECIATION Al 1 sl January 2021 Charge for year 29.017 13,142 522 S1,976 Al 31st Dember 2021 13.664 51.916 NET BOOK VALUE Al 31 st December 2021 32.686 42,080 215 At 31st December 2020 33,309 42,602 215 Page 16 continued...
The Hull and East Yorkshire Centre for the Deaf Notes to the Financial Statements - continued for the year endod 31st December 2021 TANGIBLE FIXED ASSETS - continued Motor vehide5 Computer equipment Tota15 COST Al 1st January 2021 and 31st Dmber 2021 19.974 2.182 192,357 DEPRECIATION Al 1st January 2021 Charge for year 19,974 1,482 254 115,531 Al 31st December 2021 19.974 1.736 116 930 NET BOOK VALUE At 31st December 2021 75.427 Al 31 sl Dember 2020 700 76,826 10. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE Al 1st January 2021 Additions Disposals Revaluations 1,139,649 134,435 {174.0211 79,697 At 31 st December 2021 1 179760 NET BOOK VALUE At 31 st December 2021 1.179.760 Al 31st December 2020 1,139,649 2021 2020 Histori1 cost at 31st t)g¢ernbgr 964.390 972,371 Page 17 continued...
The Hull and East Yorkshire Centre for the Deaf Notes to the Financial Statements - continued for the year ended 31st Dècember 2021 10. FIXED ASSET INVESTMEKfs - ntinUed 2021 2020 Analysis of invesbnents Government securities Other fix1 interest securities Equities Unit Trusts 85.497 187.685 616.071 290.507 66,003 214,277 623,101 236,268 1.179 760 1,139,649 The market value of lisleil investments is detemiined by referer lo the quoted pri for identical asset5 in an active market at the balance sheet dale. Al of the investments are listed on a recognised sl(x* exchange. There were no inVestmt assets (xrtside the UK. 2021 2020 Investments exceeding 5% of valuè of portfolio Standard Lrfe Inveslmefit Co Lyxor International Asset Management ss SPDRETFS Europe Fidelity investments 90,240 93,854 71,287 64,758 79,944 90,240 57,544 320.139 227.728 11. DEBTORS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 2021 2020 Other debtors 6,131 Page 18 continued...
The Hull and East Yorkshire Centre for the Deaf Notes to the Financial Statements - continued fijr the year ended 31st December 2021 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Social security and other taxes Other cre(Sitors 864 9.321 831 8,186 10.185 9,017 13. MOVEMENT IN FUNDS Net movement in funds At 31.12.21 At 1.1.21 Unrestricted funds General fund 1.252,728 19,355 1.272.083 Restricted funds T Smrth Legacy 2,844 TOTAL FUNDS 1.255.572 19.355 1.274,927 Net movement in funds, included in the above a as fdlows: Incoming reSoUrS Resources expended Gains and losses Movement in funds Unrestricted funds General fund 38.953 (99.294} 79.696 19.355 TOTAL FUNDS 38.953 99.294) 79.696 19.355 Comparatives for movement in funds Net movement in funds Transfers between funds At 1.1.20 31.12.20 Unrestricted funds General fund 1.346.080 (96,846) 3,494 1,252,728 Restricted funds T Smith Legacy 7,038 {7001 {3,494) TOTAL FUNDS 1,353.118 97,5461 1,255,572 Page 19 continued...
The Hull and East Yorkshire Centre for the Deaf Notes to the Financial Statements - continued for the year ended 31st December 2021 13. MOVEMENT IN FUNDS- continued Comparattve nel movement in funds. induded in the above are as fdloY*S.' Incoming resour Resources expend&J Gains and losses Movement in furids Unrestricted funds General fund 45.460 (82.956) (59,350) {96,8461 Restricted funds T Smi(h Legacy (1,000) (700) TOTAL FUNDS 45.760 83,956) 59,350) 14. EMPLOYEE BENEFIT OBLIGATIONS The charty operates a defined contribution pension FAan for its ernployees. The amwnl recognised as an expense in the year was £1.15612020: £1,2(Kl). At the year end £205 was outstanding in respect of contributions not yet paHJ over12020= £21XI). The defined contributn liability is allated lo Untrictl funds. 15. RELATED PAR DISCLOSURES There were no rdaled party transactions for the year ended 31st December 2021. Page 20
The Hull and East Yorkshire Centre for the Deaf Detailed Statement of Financial Activities for the year ended 31st December 2021 2021 2020 INCOME AND ENDOWMENTS Donations and legacies Donations Legacies 2.805 1,503 9,092 4,308 9,092 Investment Income Fixed asset investment income 34.645 36,668 Total incoming resources 38.953 45,760 EXPENDITURE Investment management costs Portfolio management 10.559 9,628 Charitable activities Wages Pensions Rates and water Insuran Light and heal Travelling and minibu5 expenses S(cials Interpreter servi5 Insuran( - personal awdenl Repairs and maintenance Cleaning Depreryation of freehdd property Depreaation of improvements lo propwty Depreaation of fixtures and fittings Depreaation of motor vehides CompLJler equipment 29.773 1.156 775 5.094 15.432 1.181 122 165 438 14,131 10,397 623 522 28,939 1,200 916 4,974 10,470 1,739 125 50 44 5,426 10,723 623 522 360 12181 317 254 80.063 66,210 Support Gosts Govemance costs Auditors. remunerati( Auditors. remuneration for norb audr( Drk Carried forward 2.934 3,059 5,993 2.983 2,225 5,208 This page does not frym part of the stalulory financial stalements Page 21
The Hull and East Yorkshire Centre for the Deaf Detailed Statement of Financial Activities for the year ended 31st December 2021 2021 2020 Governance costs Brought forward Insurance - Professional Indemnity Telephone Postage and stationery Other expenses 5.993 289 1,350 217 823 5.208 269 1,376 1,099 8.672 8.118 Total reSoUrS expended 83,956 Net expendlture before galns and losses (60.341} 138,196) Realised recognised gains and losses Realised gainslllosses) on fix&1 asset investments 31.603 14,415 Net expenditure 28,7381 23,7811 This page does not part of the ststutory finanryal statements Page 22