CHARITY REGISTRATION NUMBER: 226986
The Northumbria Deaf Mission Unaudited Financial Statements
31 March 2024
CS ACCOUNTING LIMITED
5 McMillan Close Saltwell Business Park Low Fell Tyne & Wear NE9 5BF
The Northumbria Deaf Mission
Financial Statements
Year ended 31 March 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Statement of cash flows | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 17 |
| Notes to the detailed statement of financial activities | 19 |
The Northumbria Deaf Mission
Trustees' Annual Report (continued)
Year ended 31 March 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
Registered charity name The Northumbria Deaf Mission Charity registration number 226986 Principal office St Andrews Church Newgate Street Newcastle upon Tyne NE1 5SS
The trustees
Mr J Parker Ms K Wellborne Mrs L Farquharson (Retired 11 July 2023) Ms L Richardson (Appointed 11 July 2023) Mr V Spong (Retired 11 July 2023) Rev' Canon I Flintoft (Retired 31 January 2024) Independent examiner C Smith 5 McMillan Close Saltwell Business Park Low Fell Tyne & Wear NE9 5BF
Objectives and activities
The Northumbria Deaf Mission, now operating as Northumbria Deaf Church was established in 1876 to meet the spiritual needs of deaf people, in their own language, and provide pastoral care.
The Mission seeks to achieve its aim by providing social activities and spiritual support to deaf people to address such issues of isolation and deprivation.
Achievements and performance
During 2023/24 we have continued to develop our face to face activities in Newcastle and North Shields but not yet in Newton Aycliffe. In addition to our monthly services, we hold craft clubs, coffee mornings and day trips out, most recently to Butterfly World and Newcastle Gang Show, where we supported a signed performance. We have continued to publish our Newsletter both on line and in hard copy which keeps everybody up to date. For much of this we must thank our Communications and Administration Officer Vikki whose computer skills and enthusiasm have been invaluable during this busy year. We continue to support her in her BSL qualifications and acknowledge her commitment to going "above and beyond" for NDM and its members.
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The Northumbria Deaf Mission
Trustees' Annual Report (continued)
Year ended 31 March 2024
Staff and Volunteers
Our Newcastle Chaplain Rev'd Glyn Evans has taken a short retirement break for the first part of the year and services have been led by Rev'd Michael Douglas in his absence, which has been much appreciated. We look forward to welcoming Glyn back in the Autumn. We also continue to live stream services, which has provided positive feedback- most recently enthusiastic comments on the interpreter's commitment to a lively signing of Jesus calming the storm.
However, sadly, we have been unable to engage with Rev'd Jen Croft who was appointed our Durham Chaplain therefore we have little to report from the Durham diocese. We are also still lacking a Treasurer and the trustees would appreciate any suitable nominations for this post.
We are very grateful to Tricia Rutter and James Parker who have been signing for our services on a voluntary basis, and to Judith Pickering who regularly interprets our meetings for Deaf committee members.
Trustees
Karoline Wellborne was elected Chair at the AGM in July 2023. The current trustees are:
Mr James Parker Miss Laura Richardson Ms Karoline Wellborne
We have one vacancy from Durham diocese
Financial
Before stepping down as Treasurer last year, Vic Spong left our accounts in a very healthy position. We enjoy regular grants from the WA Handley and the Sir John Priestman Trusts which are crucial to our continuing operations.
The Mission is very grateful to the churches, charitable trusts and individuals who have contributed funds to allow it to continue its important work to the deaf community.
We are also grateful for the support we receive from our landlords St Andrew's PCC and the Vicar Rev'd Mike Hills.
Public Benefit
The services of the Mission are available to deaf people of any faith or none, resident within the geographical areas of the Dioceses of Durham and Newcastle.
The trustees' annual report was approved on 9 July 2024 and signed on behalf of the board of trustees by:
Ms K Wellborne Chairperson
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The Northumbria Deaf Mission
Independent Examiner's Report to the Trustees of The Northumbria Deaf Mission
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of The Northumbria Deaf Mission ('the charity') for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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.
C Smith Independent Examiner 5 McMillan Close Saltwell Business Park Low Fell Tyne & Wear NE9 5BF
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The Northumbria Deaf Mission
Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ |
£ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 3,436 |
– | 3,436 | 5,865 |
| Investment income | 5 | 27,417 |
– | 27,417 | 26,251 |
| Other income | 6 | – |
5,000 | 5,000 | 8,000 |
| ------------------------------ | ------------------------- | ------------------------------ | ------------------------------ | ||
| Total income | 30,853 | 5,000 | 35,853 | 40,116 | |
| ============================== | ========================= | ============================== | ============================== | ||
| Expenditure | |||||
| Expenditure on charitable activities | 7,8 |
20,096 |
884 | 20,980 | 20,057 |
| ------------------------------ | ------------------------- | ------------------------------ | ------------------------------ | ||
| Total expenditure | 20,096 | 884 | 20,980 | 20,057 | |
| ============================== | ========================= | ============================== | ============================== | ||
| Net gains/(losses) on investments | 10 | 25,332 |
– | 25,332 | (31,480) |
| ------------------------------ | ------------------------- | ------------------------------ | ------------------------------ | ||
| Net income/(expenditure) and net | |||||
| movement in funds | 36,089 | 4,116 | 40,205 | (11,421) | |
| ============================== | ========================= | ============================== | ============================== | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 427,890 | 246,617 | 674,507 | 685,928 | |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | ----------------------------------- | ||
| Total funds carried forward | 463,979 | 250,733 | 714,712 | 674,507 | |
| =================================== | =================================== | =================================== | =================================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 15 form part of these financial statements.
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The Northumbria Deaf Mission
Statement of Financial Position
31 March 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 15 | 587 | 588 | |
| Investments | 16 | 661,871 | 636,539 | |
| ----------------------------------- | ----------------------------------- | |||
| 662,458 | 637,127 | |||
| Current assets | ||||
| Debtors | 17 | 353 | 362 | |
| Cash at bank and in hand | 52,854 | 37,952 | ||
| ------------------------------ | ------------------------------ | |||
| 53,207 | 38,314 | |||
| Creditors: amounts falling due within one year | 18 | 953 | 934 | |
| ------------------------------ | ------------------------------ | |||
| Net current assets | 52,254 | 37,380 | ||
| ----------------------------------- | ----------------------------------- | |||
| Total assets less current liabilities | 714,712 | 674,507 | ||
| ----------------------------------- | ----------------------------------- | |||
| Net assets | 714,712 | 674,507 | ||
| =================================== | =================================== | |||
| Funds of the charity | ||||
| Restricted funds | 250,733 | 246,617 | ||
| Unrestricted funds | 463,979 | 427,890 | ||
| ----------------------------------- | ----------------------------------- | |||
| Total charity funds | 20 | 714,712 | 674,507 | |
| =================================== | =================================== |
These financial statements were approved by the board of trustees and authorised for issue on 9 July 2024, and are signed on behalf of the board by:
Ms K Wellborne Chairperson
The notes on pages 7 to 15 form part of these financial statements.
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The Northumbria Deaf Mission
Statement of Cash Flows
Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income/(expenditure) | 40,205 | (11,421) |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 184 | 196 |
| Net gains/(losses) on investments | (25,332) | 31,480 |
| Dividends, interest and rents from investments | (27,040) | (26,251) |
| Other interest receivable and similar income | (377) | – |
| Changes in: | ||
| Trade and other debtors | 10 | – |
| Trade and other creditors | 19 | 15 |
| ------------------------------ | ------------------------------ | |
| Cash generated from operations | (12,331) | (5,981) |
| Interest received | 377 | – |
| ------------------------------ | ------------------------- | |
| Net cash used in operating activities | (11,954) | (5,981) |
| ============================== | ========================= | |
| Cash flows from investing activities | ||
| Dividends, interest and rents from investments | 27,040 | 26,251 |
| Purchase of tangible assets | (184) | – |
| Purchases of other investments | - | (10,000) |
| Proceeds from sale of other investments | - | – |
| ------------------------------ | ------------------------------ | |
| Net cash from investing activities | 26,856 | 16,251 |
| ============================== | ============================== | |
| Net increase in cash and cash equivalents | 14,902 | 10,270 |
| Cash and cash equivalents at beginning of year | 37,952 | 27,682 |
| ------------------------------ | ------------------------------ | |
| Cash and cash equivalents at end of year | 52,854 | 37,952 |
| ============================== | ============================== |
The notes on pages 7 to 15 form part of these financial statements.
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The Northumbria Deaf Mission
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is St Andrews Church, Newgate Street, Newcastle upon Tyne, NE1 5SS.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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The Northumbria Deaf Mission
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
All fixed assets are initially recorded at cost.
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The Northumbria Deaf Mission
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 25% reducing balance Equipment - 25% reducing balance
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
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The Northumbria Deaf Mission
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
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The Northumbria Deaf Mission
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Financial instruments (continued)
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Subs Donations & Gifts | 1,539 | 1,539 | 3,717 | 3,717 |
| Parish Donations | 254 | 254 | 658 | 658 |
| Craft Class | 55 | 55 | 60 | 60 |
| Coffee Morning | 1,516 | 1,516 | 1,430 | 1,430 |
| Trips and Outings | 72 | 72 | – | – |
| ------------------------- | ------------------------- | ------------------------- | ------------------------- | |
| 3,436 | 3,436 | 5,865 | 5,865 | |
| ========================= | ========================= | ========================= | ========================= |
5. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Income from UK investments | 27,040 | 27,040 | 26,251 | 26,251 |
| Bank interest receivable | 377 | 377 | – | – |
| ------------------------------ | ------------------------------ | ------------------------------ | ------------------------------ | |
| 27,417 | 27,417 | 26,251 | 26,251 | |
| ============================== | ============================== | ============================== | ============================== |
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The Northumbria Deaf Mission
Notes to the Financial Statements (continued)
Year ended 31 March 2024
6. Other income
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| WA Handley Trust | – | 5,000 | 5,000 | ||
| Sir John Priestman | – | – | – | ||
| --------------- | ------------------------- | ------------------------- | |||
| – | 5,000 | 5,000 | |||
| =============== | ========================= | ========================= | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| WA Handley Trust | – | 5,000 | 5,000 | ||
| Sir John Priestman | 3,000 | – | 3,000 | ||
| ------------------------- | ------------------------- | ------------------------- | |||
| 3,000 | 5,000 | 8,000 | |||
| ========================= | ========================= | ========================= | |||
| 7. | Expenditure on charitable activities | by fund type | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Support costs | 20,096 | 884 | 20,980 | ||
| ============================== | =============== | ============================== | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Support costs | 19,657 | 400 | 20,057 | ||
| ============================== | =============== | ============================== | |||
| 8. | Expenditure on charitable activities | by activity type | |||
| Support | Total funds | Total fund | |||
| costs | 2024 | 2023 | |||
| £ | £ | £ | |||
| Support costs | 20,980 | 20,980 | 20,057 | ||
| ============================== | ============================== | ============================== | |||
| 9. | Analysis of support costs | ||||
| Total 2024 | Total 2023 | ||||
| £ | £ | ||||
| Staff costs | 13,526 | 12,021 | |||
| =============== | ============================== | ||||
| 10. | Net gains/(losses) on investments | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Gains/(losses) on other investment | |||||
| assets | 25,332 | 25,332 | (31,480) | (31,480) | |
| ============================== | ============================== | ============================== | ============================== |
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The Northumbria Deaf Mission
Notes to the Financial Statements (continued)
Year ended 31 March 2024
11. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible fixed assets | 185 | 195 |
| =============== | =============== | |
| Independent examination fees | ||
| 2024 | 2023 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 864 | 864 |
| =============== | =============== |
12. Independent examination fees
13. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| follows: | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Wages and salaries | 12,576 | 12,021 |
| Employer contributions to pension plans | 950 | 361 |
| ------------------------------ | ------------------------------ | |
| 13,526 | 12,382 | |
| ============================== | ============================== |
The average head count of employees during the year was 1 (2023: 1).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
14. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
15. Tangible fixed assets
| Fixtures and | |||
|---|---|---|---|
| fittings | Equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 April 2023 | 13,299 | 700 | 13,999 |
| Additions | 184 | – | 184 |
| ------------------------------ | --------------- | ------------------------------ | |
| At 31 March 2024 | 13,483 | 700 | 14,183 |
| ============================== | =============== | ============================== | |
| Depreciation | |||
| At 1 April 2023 | 13,064 | 347 | 13,411 |
| Charge for the year | 97 | 88 | 185 |
| ------------------------------ | --------------- | ------------------------------ | |
| At 31 March 2024 | 13,161 | 435 | 13,596 |
| ============================== | =============== | ============================== | |
| Carrying amount | |||
| At 31 March 2024 | 322 | 265 | 587 |
| ============================== | =============== | ============================== | |
| At 31 March 2023 | 235 | 353 | 588 |
| ============================== | =============== | ============================== |
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The Northumbria Deaf Mission
Notes to the Financial Statements (continued)
Year ended 31 March 2024
| Year ended 31 March 2024 | ||
|---|---|---|
| Listed | ||
| 16. Investments |
investments | |
| £ | ||
| Cost or valuation | ||
| At 1 April 2023 | 636,539 | |
| Revaluation | 25,332 | |
| ----------------------------------- | ||
| At 31 March 2024 | 661,871 | |
| =================================== | ||
| Impairment | ||
| At 1 April 2023 and 31 March 2024 | ||
| Carrying amount | ||
| At 31 March 2024 | 661,871 | |
| =================================== | ||
| At 31 March 2023 | 636,539 | |
| =================================== | ||
| All investments shown above are held at valuation. | ||
| Debtors | ||
| 2024 | 2023 | |
| £ | £ | |
| Other debtors | 352 | 362 |
| =============== | =============== | |
| Creditors: amounts falling due within one year | ||
| 2024 | 2023 | |
| £ | £ | |
| Accruals and deferred income | 864 | 864 |
| Social security and other taxes | 70 | 70 |
| Other creditors | 19 | – |
| --------------- | --------------- | |
| 953 | 934 | |
| =============== | =============== |
All investments shown above are held at valuation.
17. Debtors
18. Creditors: amounts falling due within one year
19. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £950 (2023: £361).
- 14 -
The Northumbria Deaf Mission
Notes to the Financial Statements (continued)
Year ended 31 March 2024
20. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | Gains and | 31 March 20 | |||
| 1 April 2023 | Income | Expenditure | losses | 24 | |
| General funds | £ | £ | £ | £ | £ |
| 427,890 | 30,853 | (20,096) | 25,332 | 463,979 | |
| =================================== | ============================== | ============================== | ============================== | =================================== | |
| At | |||||
| At | Gains and | 31 March 20 | |||
| 1 April 2022 | Income | Expenditure | losses | 23 | |
| £ | £ | £ | £ | £ | |
| General funds | 443,911 | 35,116 | (19,657) | (31,480) | 427,890 |
| =================================== | ============================== | ============================== | ============================== | =================================== | |
| Restricted funds | |||||
| At | |||||
| At | Gains and | 31 March 20 | |||
| 1 April 2023 | Income | Expenditure | losses | 24 | |
| £ | £ | £ | £ | £ | |
| Restricted Fund | 246,617 | 5,000 | (884) | – | 250,733 |
| =================================== | ========================= | =============== | =============== | =================================== | |
| At | |||||
| At | Gains and | 31 March 20 | |||
| 1 April 2022 | Income | Expenditure | losses | 23 | |
| £ | £ | £ | £ | £ | |
| Restricted Fund | 242,017 | 5,000 | (400) | – | 246,617 |
| =================================== | ========================= | =============== | =============== | =================================== | |
| Analysis of changes in net debt | |||||
| At | At | ||||
| 1 Apr 2023 | Cash flows | 31 Mar 2024 | |||
| £ | £ | £ | |||
| Cash at bank and in hand | 37,952 | 14,902 | 52,854 | ||
| ============================== | ============================== | ============================== |
21. Analysis of changes in net debt
- 15 -
The Northumbria Deaf Mission
Management Information
Year ended 31 March 2024
The following pages do not form part of the financial statements.
- 16 -
The Northumbria Deaf Mission
Detailed Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Subs Donations & Gifts | 1,539 | 3,717 |
| Parish Donations | 254 | 658 |
| Craft Class | 55 | 60 |
| Coffee Morning | 1,516 | 1,430 |
| Trips and Outings | 72 | – |
| ------------------------- | ------------------------- | |
| 3,436 | 5,865 | |
| ------------------------- | ------------------------- | |
| Investment income | ||
| Income from UK investments | 27,040 | 26,251 |
| Bank interest receivable | 377 | – |
| ------------------------------ | ------------------------------ | |
| 27,417 | 26,251 | |
| ------------------------------ | ------------------------------ | |
| Other income | ||
| WA Handley Trust | 5,000 | 5,000 |
| Sir John Priestman | – | 3,000 |
| ------------------------- | ------------------------- | |
| 5,000 | 8,000 | |
| ------------------------- | ------------------------- | |
| ------------------------------ | ------------------------------ | |
| Total income | 35,853 | 40,116 |
| ============================== | ============================== | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Wages and salaries | 12,576 | 12,021 |
| Pension costs | 950 | 361 |
| Rent | 229 | 1,757 |
| Insurance | 615 | 576 |
| Legal and professional fees | 936 | 936 |
| Telephone | 814 | 730 |
| Other office costs | 158 | 549 |
| Depreciation | 185 | 196 |
| Printing, Stationery & Adverts | 243 | 338 |
| Interpreters Fees/Meetings | 884 | 400 |
| Coach Hire for Services | 853 | 400 |
| Training & Development Expenses | 544 | 111 |
| Coffee Morning | 1,624 | 1,210 |
| Miscellaneous Expenses | 369 | 472 |
| ------------------------------ | ------------------------------ | |
| 20,980 | 20,057 | |
| ------------------------------ | ------------------------------ | |
| ------------------------------ | ------------------------------ | |
| Total expenditure | 20,980 | 20,057 |
| ============================== | ============================== |
- 17 -
The Northumbria Deaf Mission
Detailed Statement of Financial Activities (continued)
Year ended 31 March 2024
| Year ended 31 March | 2024 | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Net gains/(losses) on investments | ||
| Gains/(losses) on other investment assets | 25,332 | (31,480) |
| ------------------------------ | ------------------------------ | |
| ------------------------------ | ------------------------------ | |
| Net income/(expenditure) | 40,205 | (11,421) |
| ============================== | ============================== |
- 18 -
The Northumbria Deaf Mission
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Support costs | ||
| Staff salaries | 12,576 | 12,021 |
| Employer's pension costs | 950 | 361 |
| Rent-Hall Hire | 229 | 1,757 |
| Insurance | 615 | 576 |
| Accountancy fees | 936 | 936 |
| Telephone | 814 | 730 |
| Other office costs | 158 | 549 |
| Depreciation | 185 | 196 |
| Printing, Stationery & Adverts | 243 | 338 |
| Interpreters Fees/Meetings | 884 | 400 |
| Coach Hire for Services | 853 | 400 |
| Training & Development Expenses | 544 | 111 |
| Coffee Morning | 1,624 | 1,210 |
| Miscellaneous Expenses | 369 | 472 |
| ------------------------------ | ------------------------------ | |
| 20,980 | 20,057 | |
| ------------------------------ | ------------------------------ | |
| ------------------------------ | ------------------------------ | |
| Expenditure on charitable activities | 20,980 | 20,057 |
| ============================== | ============================== |
- 19 -