mailes Goldie CHAR TERED ACCOUNTANTS REGISTERED COMPANY NUMBER.. 00210796 (England and Wales) REGISTERED CHARITY NUMBER: 220773 Hull & East Yorkshire Centre for the Deaf Unaudited Financial Statements 31 December 2024 SD-0217842-1-6 ICAEW CHARTERED ACCOUNTANTS
Hull & East Yorkshire Centre for the Deaf Registered Charity Contents of the Financial Statements for the year ended 315t December 2024 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10 Detailed Statement of Financial Activities 19
Hull & East Yorkshire Centre for the Deaf Registered Charity Report of the Trustees for the year ended 315t December 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 20[, present their report with the financia1 statements of the charity for the year ended 31s1 Dmber 2024. The Iruslees have adopted the provisions of Accounting and Reming by Charities.. Slalement of Retx)mmended Practi applicable lo charities preparing their accounts in accordan with the Finanryal Retx)rb"ng Standard appIlble in the UK and Republic of Irdand {FRS 1021 (effeclive 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The principal objective of the Centre is the provision of soaal amenities, reueational and other faalities for people who are either deaf or hard of hearing. The fcmjr intemal commillees devdop, plan and implement the members social and other requirements, which are limrted onty by the resources provided by the building, and the requirements of the Management Commlttee and Pilard of Management. ACHIEVEMENT AND PERFORMANCE Achievements and perfomiance The provision of a warm, comfortable and Y1-equIppj swal centre which has a finanaally sound future in the only meaningful measure of achievement and perforMan_ This is being (x)nsistently achieved and is expected to be maintained for the foreseeable future. Athough extemal sourcing of funding 15 being ao*'vdy pursued. The prime Sour of funding of the charity is in(x)me from the investment portFolio, which is supplemented by donations ané legacies. The investment portfolio is in the discretionary management of Kleinwort Hambros. The board are visited by Kleinwort Hambros annually in order to review performan, which is currenuy satisfactory when measured against agreed investment objectives. 2024 began with Warni Hub WBdnesdays & Fo(xly Fridays From January to Marth 2024. Hull Deaf Centre provided a Wami Hub on Weénesdays giving out vrarm soup and bread rolls, and provided entertainment and talks for as rnany of the sessions as possible. Fortnightly there were one- hour Movement & Exerryse sessions. On each Friday, healthy home cooked meals were provided for on average 25 people a week. Movement & Ex01$0 Al the Wami Hub sessions Movement & Exercise provoy to be a huge suixess. (x)ntinued fortnighuy on Weénesday afternoons and wll do so for the foreseeable future. The sessions are thriving and are free (at point of a(xes5} for the older community or for anyone vtho needs seated or gentle exercise. Comrnunity One of the aims of the Deaf Centre is to build rdalionships and to connect our Deaf members to the wider world such as organisalions like the Ferens Art Gallery, Hull Museum Service, Hull Truck Theatre, and KCOM. Better working practices have been established, so that a(xEss and communication isn't an afterthought, bul the Deaf community and &8L are front and ntre. There have bn multiple ttIngS wth dtfferent departments of Humber NHS Teathing Trust, and Humberside P1. discussing issues wlh access for the Deaf BSL using community and edu(3ting them on hcfrN (J)Ileclively, we can move forward wth improving the services they provide by being more compliant wth the BSL Act 2022, the Equality Act 2010, and the Accessible Information Standard 2016. Even though these two organisations are very dtfferenl they both provide a service that the Deaf Community struggle to a(zess, therefore these meeting5. lectures and training sessions will continue into next year. Page 1
Hull & East Yorkshire Centre for the Deaf Registered Charity Report of the Trustees for the year ended 31st Dgcefflber 2024 Visits to and from other Deaf Clubs We have had visits from Nottingham Deaf Centre and (xjr Over 50's grwp hired a coach and went along to visit their Deaf Club. Heritage Funding & Centenary Group We received £10,(XX) from National Lottery Heritage fur#Jing for us to Make a doojmentary on the Deaf Centre and ils members, capturing memories and stories. rnplete the documentary, highlighting the charity and its members over the last 1C(> years, wll be available for ppIe to see at The Streetlrfe Museum, in Hull for a Ihree-monlh residency Ociober 2026 to January 2027. A Centenary Committee group has been formed and tasked wth putting l¢yJether a years. worth d ebratiOnS for our nEenary in 2026. Happy Hands play group Deaf parents or Deaf Children meets one Friday a month and is run by the Deaf parents themselves. The group arrange activities, Irafts. visitiKs, games and parti&s for each session. The best attendances in 2024 were for a Furry Friends Animal therapy visit. and two sessions featuring a uncy castle. Over 30 children attended for each event. Wisual Choir Now in its 8th year the Choir wnlinues lo thrive. ThrOUgXIt 2024 they have travelled IAllY and further afield and been inVoed in fundraising events, Fvformans and attended the Handsong Festival in Bolton in July. A workshop at the Deaf Centre wth over 30 people Icx)k pla in earty April , followed by a second event in October and a special Christmas workshop in December. Health & Safety and Fire Alarni The Cenlre is compliant with Health & Safety Im and staff have attended training courses lo ensure that those who visit the Centre are safe. The fire alarm system has been updated putting addttional measures in pla to ensure visibility of flashing lights and ease of exit. Repair works There have had a few building issues this year which have IncUed costs. The building isn't gelling any younger, and as we approach our i%ntenary is defiTrIte feeling ils age. We pride ourselves on maintaining the building lo the best of our abilities and continue to apply for fijnding for Maintenan works. FINANCIAL REVIEW Financial position The charity'5 income for the year ended 31 December 2024 vras £75,032 {2023: £75,781 }. Total expenditure amounted lo £152,14012023." £114,563) and gains on investments were £46,80612023'. £29,003) resulting in deficit of £30,302 12023.. £9,779). The charity had Unrestrict r&serves of £1,091,77912023.' £1,122,081) and restricted reserves of £1,90912023." £1.9)9) al the year end. Taking into a(xx)unt the nature of the charity's income streams, the Iruslees are of the view that reserves al these levels a suffient. Page 2
Hull & East Yorkshire Centre for the Deaf Registered Charity Report of the Trustees for the year ended 31st December 2024 STRUCTURE. GOVERNANCE AND MANAGEMEP Governing document The Hull and East Yorkshire cent for the Deaf {Incorporaledl is a charitable company limit by guarantee as defined by the Companies Acl 2(XJ6. incorporaled on 19th Novefflber 1925. The a)rnpany was established by the Memorandum of Association which sets out the objects and powers of the charitable company and is governed under its Articles of ASsOation. It was resdved in 2015 that updated Articles under the Companies Act 20 be adopted. In the event of the c(Knpany being wound up members are required lo tx)ntribute an amount not exceeding £10. STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment to the Board of Management The Board of Management of the company are also charity trustees fiK the purpose of charity law and under the company's Artides are known as direclors of the Cwire. Under the requirements of the Memorandum and Articles of Association one third of the members of the Board of Management are subjed to retirement by rotation. The Board of Management can consist of not more Ihan Iwenty five individuals but is not subject to any minimum. Recruilmenl of Board members in undertaken by the rErsonal intriKluction of an existing Board member. The Board presently indudes four members who are profoundly deaf and are acttve ffletnbers of the Cenlre. Board Member Induction New recruits to the Board a vetted thrwgh attendance at a Board Meeting. before being apwinted. lo establish their skills and potential contribution_ The prime requirement of a Board member is attendance at fouf quarterly Board meetings each year wilh any further inpul 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 aspeci of Ihe affairs of Ihe Centre. On appointment each new Board member is provided th a copy of the Charity Commission bkIe1 CC3 - The Essential Trustee, What you need to know. Organisational stTU¢ture The Centre has a resident Manager, a quaIrf signer, who is responsible for control of the day to day needs and requirements of the profoundly deaf members and supervision of the premises, eqLJipment and minibus. She is invited lo attend all board meetings as a guest. She also reports to the Board all matters that are of relevance or require Board agreement or approval. Tt Centre also has a part-lime non-residential assistant manager. A Management Committee, comprising 12 deaf memters and up to four Board members, one of them being the Chair, meets quarterly. usually two ekS before the Board. al deals Vrfilh the general rLJnning requirements, needs and requests of the members. The chair reports lo the Board all matters that are of relevance or require board agreement approval. Six internal committees. Sports, Over 50s, Swal. Church, Children's and Bar, are run entirely by the deaf members of the Cenlre, with any matters requiring furiher consideration being reported lo the Management committee and thence to the Board as necessary.
Hull & East Yorkshire Centre for the Deaf Registered Charity Report of the Trustees for the year ended 31st December 2024 R8lat8d parties The Centre is financially independent and there are no relate(1 parties. REFERENCE AND ADMINISTRATIVE DETAILS RBgistered Company number 00210796 (England and Wales) Registered Charity number 220773 Registered offico 63 Spring Bank Hull East Yorkshire HU3 1AG Trustees J R Barnes (resigned 17.6.2024) M H Rolhwell DMTerry J M Simpson R Smedley Y Barwick (Secrelaryl S J Smith (Vice Chair) L J Taylor Iresigneé 1_7.2024) D C Franklin S Harness K Dorley A Mason {resigned 16.3.20241 S Barrett {Chair 1110912023 to resignation) (resigned 16.9.2024) T M Andrews (appointed 17.6 20241 R L Dukes (appointed 17.6.20241 Independent Examiner Smalles Goldie Chartered Accountants Regent's Court PrinSS Street Hull East Yorkshire HU2 8BA Banke HSBC Bank PIC 34 Jameson Street Hull East Yorkshire HU1 3JX Solicitors Rollit5 LLP Citadel House 58 High Street Hull HU1 1QE Page 4
Hull & East Yorkshire Centre for the Deaf Registered Charity Report of the Trustees for the year ended 31st December 2024 Investment Managers SG Kleinwort Hambros Bank Limited 8 Si James's Square London SW1Y4JU Approved by order ofthe board of tn1st cm ......... ... .. . . - and signed on its behaW by.. S J Smith - Trustee Page 5
Independent Examiner's Report to the Trustees of Hull & East Yorkshire Centre for the Deaf Registered Charity Independent examinerfs report to the trnstees of Hull & East Yob*shire Centre for the Deaf {'the Company'} I report to the charity tnistees on my examination rf the accwnts of the Carnpany for the year ended 31 st Dmber 2024. Responsibilities and basis of report As the charity's trustees of the Company land also its directors for the purposes of cornpany lawl you are responsible for the preparation of the aixounts in a1xx)rdan wlh the requirements of the Companie5 Act 20061'the 2[ Act,). Having satisfied myself that the accounts of the Company are not required lo be ad[t under Part 16 of the 2006 Act and are eligible for independent exarnination, I report in resped of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'lhe 2011 Act,). In carrying out my examination I have followed the Directi$ gtven by Charity Commission under sl0n 145(5} Ibl of the 2011 Act. Independent examinerfs statement I have completed my examination. l (x)nfimi that no matters have come to my attention in connection with the examination giving me (3use lo believe.. aloUntIng rec(xds were not kept in SpeCt of the Company a5 requird by Section 386 of the 20( Act., or the accounts do not accord with those records., or the accounts do not comply wth the aux)unting UIrementS of Secaion 396 of the 2006 Act other than any requirement thal the accounts give a true alld fair which is not a matter considered as part an inéependenl examination., or the accounts have not been prepared in aC(X)rdan with the methryjs and principles of the Statement of Recommended Practice for alOuntIng and reporting by charities {applicable lo charities preparing their accounts in accordan wth the Finanryal ReFxyiing Standard applic8ble in the UK and RepLJblic of Ireland IFRS 102)). I have no concems and have come arxr)ss no other matters in connection wilh the examination lo which attention should be drawn in this report in order to enable a propEr understanding of the accounts to be reached. Luke Taylor, FCA, Bsc (Hons) Smalles Goldie Chartered Accwntants Regent's Court Prince55 Street Hull East Yorkshire HU2 8BA Date". Page 6
Hull & East Yorkshire Centre for the Deaf Registered Charity Statement of Financial Activities for the year ended 31st December2024 2024 Total funds 2023 Total funds Unrestricted Restrict1 fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legaeS 30.594 10,000 40.$94 41,526 Investment income 34,255 Total 65.032 10.000 75.032 75,781 EXPENDITURE ON Raising funds 9,207 9,207 8,9( Charitable activities Costs of activities in furtheran of the charity's obje<*s 132.933 10.000 142.933 105.657 Total 142.140 10.000 152,140 114,563 Net gains on investments 46,806 46,806 29,003 NET INCOME1{EXPENDuRE) (30.302) (30.302} {9,779) RECONCILIATION OF FUNDS Total funds brought forward 1.122.081 1.123,990 1,133,769 TOTAL FUNDS CARRIED FORWARD 1.091.779 1.909 1.093.688 1,123,990 The notes fomi part of these finanaal statements Page 7
Hull & East Yorkshire Centre for the Deaf Registered Charity Balance Sheet 31st December 2024 2024 Total funds 2023 Total funds unrestrict Restricted fund funds Notes FIXED ASSETS Tangible assets Investments 84.140 993,715 84,140 993.715 76,883 1,014,051 10 1.077.855 1.077.855 1.0,934 CURRENT ASSETS Debtors Cash at bank and in hand 1,286 40.715 1,286 42,624 1,590 45,260 1,909 42.1)01 1.909 43.910 46,850 CREDITORS Amounts falling due wthin one year 12 (28.0771 (28,0771 113.794) NET CURRENT ASSETS 13.924 15,833 33,056 TOTAL ASSETS LESS CURRENT LIABILITIES 1.091,779 1.093,688 1,123,9 NET ASSETS 1.091.779 1.909 1.093,688 1,123,990 FUNDS Unreslri¢led funds Restricted funds 13 1.091,779 1,909 1,122,081 1,909 TOTAL FUNDS 1.093,688 1,123.990 The charitable company is entitled to eXeMpln from audil under Section 4T1 of the Companies Act 20 for the year ended 3151 December 2024. The members have not requi the Mpary to obtain an audit of its financial statements for the year ended 315t December 2024 in accordance with Secaion 476 of the Companies Act 20(. The trustees acknovledge their responsibilities for {a) ensuring that the charilable company keeps accouniing records that comply wlh Sections 386 and 387 of the Companies Aci 20C6 and preparing financial stalements which give a true and fair view of the state of affairs of the charitable company as al the end of each financial year and of its surplus or deficit for each financial year in accordance wth the requirements of secb.ons 394 and 395 and which otherwse comply with the requirements of the Companies Act relating to fina[la1 statements, 50 far as applicable lo the charitable (xsmpany. (b) The note5 ftxm part of these financial statemenls Page 8 continued...
Hull & East Yorkshire Centre for the Deaf Registered Charity Balance Sheet - continued 31st December 2024 These financial statements have been prepared in ac£(Kdani% the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Tnjstees and authorised for issue on . and were signed on its behalf by". arwck- (S ryj- Trustee S J Smith - Ivic&Chair)- Trustee The notes form part of these finanryal statements Page 9
Hull & East Yorkshire Centre for the Deaf Registered Charity Notes to the Financial Statements for the year ended 31st December 2024 ACCOUNTING POLICIES General inforniation and basis of preparation The Hull and East Yorkshire CenlTe for the Deaf is a private wmpany, limited by guarantee, registered in England and Wales. The wmpanys registered number and registered office address is given on page 4 of these financtal 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 1021 'Accounling and Reporting by Charities.. Slalement CK Recommended Practi applicable lo charrties preparing their accounts in atxordan th the Financial Repoiting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191., Financial Reporting Standard 102 The Financia5 Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial statements have been prepared under the hislori(¥l (Tht convention, wth the exception of investments which are included at market value. as modtfied by the revaluation of (Ertain assets. The financial statements are prepared on a going concern basis under the historical cost convention. modrfied lo indude rtain i(ems al fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded lo the nearest pound. The 5ignfficanl accounting policies applied in the preparation of these financial staternents are set out below. These poliaes have been consistently applied to all years presented unless otherwise slated. Income recognition A]1 incoming resources are induded in the Statement of Finanryal Aclivities (SOFA) when the charity is legally entitled to the income after any [erforman tx)ndilions have been met. the amount can be measured reliably and it is probable that the income wll be receive(l. For donations to be re(wnised the charity will have been nolrfied of the amounts and the settleinenl dale in writing. If there are conditions attached to the donation and this requires a level of performance before enlillefflenl can be obtained then intx)me is defer until those conditions are fully rnet or the fulfilment of those conditions is wthin the control of the tharity and Ft is probable Ihal they will be fulfilled. For legaoes, enlitlefflenl is the eadier of the charity being notified of an impending distribution or the legacy being r1ved. Al this point income is re(x)gnised. On o(xasion legacies wll be notified to the charity however il is not possible lo Measu the amount expected lo be distribLJled. On these ctcasions, the legacy is treated as a ntingent asset and disdosed. Investment inwme is earned thrwgh holding assets fly investment purposes such as shares. 11 includes dividends and interest. Where it is not pradi(xble to idenlrfy investment management costs incurred within a scheme wth wsonable accuracy the investment income is reported nel of these costs. 11 is included when the amount can be Measur reliably. Interest income is recognised using the effective interest methcKI aiKI dwidend inCMe is rwnised as the chariws right lo receive payment 15 established. Expenditure recognition l expenditure is a(xounted for on aw7 accruals basis and has been dassrfied under headings that aggregate all costs rdated lo the cate5w. Expenditure is recognised where there is a legal or constructive obligation lo make paytnenls to third parties, it 15 probable that the selllemenl will be required and the amount of the obligation can be measured rdiably. It is categorised under the following headings.. Costs of raising funds indudes portfoEio management fees in res1 of the charitys investments Expenditure on charitable activities includes all other running (x)sts of the chartiy Page 10 conlinue(*...
Hull & East Yorkshire Centre for the Deaf Registered Charity Notes to the Financial Statements - continued for the year onded 31st December 2024 ACCOUNTING POLICIES- continued Expenditure recognition Grants payable to third parties are vthhin the thaTTtable objectives. Where unconditional grants are offered. this is accrued as s(M)n as the recipient is nolffij of the grant, as this gives rise to a reasonable expectation that the recipient will 1ve Ihe grants. Where grants are tx)ndilional relating to perf0rrnan then the grant is only accru1 when any unfulFilled ndItionS are outside of the control of the charity. Support cost allocation Support costs are those that assist the work of the charity but do not directly represent charitable activities and indude Offi (t>sts, govemance costs and administrative payroll costs. They are incurred directly in support of expenditure on the Obj1$ of the charity and indude project management carried out al Headquarters. Where support costs nn01 be dIrY attributed lo particular headings they have been alICated lo cost of raising funds and exFendtture on charitable activities on a basis consistent with use of the reSoUrs. Premises overheads have twn allocated on an insert detail basis and other overheads have been allocat& on an actual basis. Fund-raising costs are those inCUrd in seeking votuntary contributions and do not indude the costs of diSsemirtin9 information 51JPPOrt of the charitable activities. Tangible fixed assets Depreciation is provided at the followrvJ annual rates in (Kder to write off each asset over ils estimated useful lrfe. Freehold property Improvements to propety 1%On$t /0 on cost and 1 % on cost Fixtures and fittings 25% on o)st and 1 OYO on cost Tangible fixeé assets are slated at Ct)sl (or deemed c4)sl) valuation less a(xumulale(I depreciation and accumulated impairment losses. Cost indudes St5 dIrlY attributable lo making the asset capable of operating as intended. Taxation The charity is an exempl charity wthin the meaning of schedule 3 of the Charities Ac* 2011 and is considered lo pass the tests sel out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK cOr[all0 tax purposes. Value added tax is not recoverable by the Centre is charg&J to the statement of financial activities or balance sheet, as incurred. Funds Unreslri¢ted funds are available for use at the distretK)n of Ihe trust in further2nce of the general objectives of the charity and which have not been designated for other purKK)ses. Restricted funds are funds which are lo be used in ardan with specific restrictions imposed by donors or which have been raised by the charity for part¥)Jlar purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is sel out in the notes to the financial statements. Investments Investments are rwnised initially at fair value which is nomially the transartion price excluding transaction costs. Subsequently, they are measured al fair value wrth changes recognised in 'net gains l {lossesl on investments. in the SOFA rf the shares are publidy traded their fair value can otherwise be measured reliably. Page 11 continued...
Hull & East Yorkshire Centre for the Deaf Registered Charity Notes to the Financial Statements - continued for the year ended 31st December 2024 ACCOUNTING POLICIES- conlinued Debtors and creditors Debtors and creditors with no stated interest rale and Nable or payable within one year are recorded at transaction price. Ary losses arising from impaiment are re(gnisl in expenditure. Impairniont Assets not measured at fair value are reviewed ally indication that the asset may be impaired at each balance sheet date. If such indication exists. the re(x)verable amount of the asset, or the asset's cash generating unit, is eslimaled and Ix)mpared to the carying amount_ Where the carrying amount exceeds its recoverable amount. an impairment Ioss is recc%Jnised in profil orposs unless the asset is carried at a revalued amount where the impairment loss is a revaluats.on decrease. Provisions Provisions are rwnised when the charity has an oblvJation at the balan sheet date as a result of a past event, it is probable that an ouffiow of economic benefits will be requi1 in settlement and the amount can be reliably estimat. Employee benefits When employees have rendered service to the charity, short-lerm employee benefits to which the employees are entitled are reujgnised at the undiscounted amount expected lo be paid in exchange for that service. The charity operates a defined contribub'on plan for the benefit of its employees. Contributions are expensed as they become payable. Going concem The financial statements have been prepar&J on a going n(rn basis as the trustees believe that no material nrtaInlieS exist_ The trustees have considered the level of funds held and the expeded level of income and expenditure for 12 months from aulhorising these financial slatemenls. The budgeted income and expenditure is suffiaenl with the level of reserves for the charity lo be able to continue as a going 1x)nrn. DONATIONS AND LEGACIES 2024 2023 Donations Legaaes 40,594 41,435 91 40.594 41,526 Page 12 nlinued...
Hull & East Yorkshire Centre for the Deaf Registered Charity Notes to the Financial Statements - continued for the year ended 31st December 2024 INVESTMENT INCOME 2024 2023 Fixed asset investment inrne 34,438 34,255 AJI of the irKrfyme ai)ove was attributable to unrestted funds. RAISING FUNDS Investment management costs 2024 2023 Portfolio management 9.207 8,906 All of the expenditure above Wds attributable to UnStrICted funds. NET INCOMEIIEXPENOITURE) Nel incomel(expenditure) is stated after chargirW(¢xediling): 2024 2023 Depreciation - own&1 assets UnrealisedlProfilyloss on investments Independent examiners fee Independent examiner fee 4,107 129.235) 4,900 1,681 17,9391 4,620 669 Directors liability insurance wmmeniEd on 25 January 2024. TRUSTEES. REMUNERAMON AND BENEFITS There were no trustees. remuneration or other beneftL8 for the year ended 31 st Dmber 2024 nor for the year ended 31st Dmber 2023. Trustees. expenses There were no Iruslees, expenses paid for the year ended 31st December 2024 nor for the year ended 31st Dember 2023 The trustees have taken oul indemnity insurance at a (Thl this year of £560 (2023.. £01. Page 13 )nlinued...
Hull & East Yorkshire Centre for the Deaf Registered Charity Notes to the Financial Statements - continued for the year ended 31st December 2024 STAFF COSTS 2024 2023 Wages and salaries Other pension c4)sls 55,806 1,435 47,988 1.414 57.241 49,402 The average mthlY number of emoYeeS during the year Yrds as follows.. 2024 2023 Charitable activities No employ r1Ved emoluments in ex$ cl £60,1))O. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrict1 fund Reslricled funds Total funds INCOME AND ENDOWMENTS FROM Donalions and legacies 41.526 41,526 Investment income 34.255 34,255 Total 75.781 75,781 EXPENDITURE ON Raising funds 8,9¢ Charitable activities Costs of activities in furtheran of the charity's objects 105.657 105,657 Total 114,563 114.563 Net gains oll investments 29.3 29,003 NET INCOMEI{EXPENDITUREI (9.779) (9,779) RECONCILIAON OF FUNDS Totsl funds brought forwrard 1.131,860 1,9)9 1,133,769 TOTAL FUNDS CARRIED FORWARD 1.122,081 1,123,990 Page 14 continued...
Hull & East Yorkshire Centre for the Deaf Registered Charity Notes to the Financial Statements - continued for the year ended 31st December 2024 TANGIBLE FIXED ASSETS Improvements lo propvty Fixtures and fittirJgs Freehold propety COST At 1 st January 2024 Additions 62,326 55.744 5,500 54,901 5.864 At 31 st Dmber 2024 62.326 61.244 60.765 DEPRECIATION Al 1st January 2024 Charge for year 30.886 623 14.708 633 52.195 2,249 At 31st De(Ember 2024 31.509 15.341 NET BOOK VALUE At 31 sl Dember 2024 30.817 45.903 6.321 Al 31st Drnber 2023 31.440 41,036 2,706 Motor vehides Computer uipment Totals COST At 1 sl January 2024 Additions 19.974 4.035 196,980 At 31 st December 2024 19.974 4.035 208,344 DEPRECIATION Al 1st January 2024 Charge for year 19,974 2,334 602 120,097 4.107 Al 31st Drnber 2024 19.974 2,936 124,204 NET BOOK VALUE Al 31 sl Dember 2024 1.099 84.140 At 31st Dmber 2023 1,701 76,883 Page 15 continued...
Hull & East Yorkshire Centre for the Deaf Registered Charity Notes to the Financial Staternents - continued for the year ended 31st December 2024 10. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE Al 1 st January 2024 Additions Disposals Revaluations 1,014,051 52.720 (119.862) 46.806 At 31 st December 2024 993,715 NET BOOK VALUE At 31st December 2024 993.715 Al 31st Dember 2023 1,014,051 2024 2023 Historical cost at 31st December 888,982 938,553 2024 2023 Analysis of investments Governrnenl securities Other fixed interest securities Equities Ordinary shares Other funds Absolute return Aternalives 110,649 114,656 602.275 73.352 25,001 30.483 37,299 112,540 119,174 544,536 107,173 47,527 30,272 52,829 993.715 1,014,051 The market value of lisled investments is detemiined by refererKX to the quoted pYic£ for identical assets in an active market at the balaTice sheet dale. AJI of the investments are listed on a recognised slod( exchange. There were no investment assets cNJlside the UK. 2024 2023 Investments exceeding 5% of value of portfolio Standard Life Investmerlt Co BNY Mellon UK 1.5QA Stock Fidelity investments ss SPDRETFS Europe Threadneedle UK equity income Artemis income Royal London UK equity income 69.720 61.158 54,563 86,346 52,398 72,511 53,636 51.063 58,450 58,433 54,105 68,590 48,906 42.196 48,399 49,505 450,332 239,578 Page 16 o)ntinued...
Hull & East Yorkshire Centre for the Deaf Registered Charity Notes to the Financial Statements - continued for the year ended 31st December 2024 10. FIXED ASSET INVESTMENTS- continued 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors 1.286 1,590 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxe5 Other uedilors 13.854 1,205 13,018 1,612 12.182 28.077 13,794 13. MOVEMENT IN FUNDS Nel movement in funds At 31.12.24 At1.1.24 Unrestricted funds General fund 1.122.081 (30.302) 1,091.779 Restricted funds T Smrth Legacy 1,909 TOTAL FUNDS 1.123,990 30,302) 1.093.688 Net rnovemenl in funds. induded in the above are as fcAIows'. In(x)rning resour(x5 Resojrces eXpendj Gains and Movement losses in funds Unrestricted funds General fund 65.032 {142.140) 46.806 {30.302) Restricted funds Heritage Lottery 10.000 (10.000) TOTAL FUNDS 75.032 152.140) 46.806 30.302) Page 17 continued...
Hull & East Yorkshire Centre for the Deaf Registered Charity Notes to the Financial Statements - continued for the year ended 31st December 2024 13. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund 1.131.860 (9.779} 1,122.081 Restricted funds T Smith Legacy 1.9)9 TOTAL FUNDS 1,133.769 9 779} 1,123,990 Comparative net movemenl in funds, induded in Ihe above are as fdliM5.' InmIng Resources resour expended Gains and losses Movement in funds Unrestricted funds General hjnd 75,781 (114,563) 29,(M)3 (9,n9) TOTAL FUNDS 75.781 114.563} 29,(YJ3 9,779) 14. EMPLOYEE BENEFrr OBLIGATIONS The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the year was £1.43512023.. £1.414). At the year end £261 was outstanding in respect of contributions not yel paid over12023.. £2521. The defined contribution liability is all¢xated to unrestri¢Xed fvnds. 15. RELATED PARTY DISCLOSURES There were no rdated party transactions f the year ended 31st December 2024. Page 18
Hull & East Yorkshire Centre for the Deaf Registered Charity Detailed Statement of Financial Activities for the year ended 31st December 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacles Donations Legacies 40.594 41,435 91 40.594 41,526 Investment incorne Fixed asset investment income 34,255 Totsl incoming resources 75,032 75,781 EXPENDITURE Invostment rnanagemenl sts Portfolio managemenl 9,207 8.906 Charitable activities Wages Pensions Rates and water Insurance Light and heat Travelling and minibus expenses Interpreter services Repairs and maintenan Cleaning Depreciation of freehold propety Depreciation of Improvements lo prop Depreciation of fixtures and fittings Computer equipment 55,806 1,435 47,988 1,414 1,946 5,522 11,284 1,305 360 5,853 9,805 1,259 655 li 29,490 2,507 623 632 2.249 601 16,908 5,187 623 522 382 113,458 93,595 Support costs Govemance costs Training Telephone Postage and stationery Other expenses Independent examination Other accountancy costs 945 1,580 281 3,967 4,620 669 1.059 275 16.503 5.400 5.458 29.475 12,1K2 Total resouriEs expended 152.140 114,563 Net expenditure before gains and los$es (77,1081 (38.782) This does not fr part of the statutory financial statements Page 19
Hull & East Yorkshire Centre for the Deaf Registered Charity Detailed Statement of Financial Activities for the year ended 31st Decernber 2024 2024 2023 Realised recognised gains and losses Realised gainsl{losses} fixed asset inveslmenls 17.571 21,064 Net expenditure 17.718} This page does not fomi part of the sÈatulory financial ststements Page 20