2021-03-31-accounts - The Leeds Society For Deaf And Blind People

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.


Society Information
Report ofthe Trustees
Independent Examiners'		Report
Statement ofFinancial		Activities
Balance Sheet
Notes to the Financial	Statements

The	Leeds	Society for Deaf&Blind	People
		Society Information
	for the	Year Ended 31March 2021
JOINT PRESIDENT:		Hon Ald Mr M JDodgson MBEJP
		Mr M C A Smith JP MA
ACTING CHAIR:		Mr JHixon
TREASURER:		Mr D Taylor
TRUSTEES:		Miss H Adolfson
		Ms D Burrows
		Mr W Finney
		Mrs SFoster
		Mr JHixon
		Mr RKarim
		Mr P Landey
		Mr W Lumsden
		Mr N McTague
		Mr H Mahmood
		Mrs M Naylor
		Mr D Robinson
		Ms C Roche
		Mrs A Spear
		Mr EWickremaratne
REGISTERED OFFICE:		The Centre
		StMary's Street
		Leeds
		West Yorkshire
		LS97DP
CHARITY REGISTRATION
NUMBER:		227169
COMPANY REGISTRATION
NUMBER:		00146281 (England	and Wales)
INDEPENDENT EXAMINER		Martin Smith (FCCA)
		Malcolm Jones &Co Limited
		Accountants and Business Advisors
		West Hill House
		Allerton Hill
		Chapel Allerton
		Leeds
		LS73QB
BANKERS:		Yorkshire Bank Pic
		94-96Briggate
		Leeds
		LS1 6NP
		Virgin Money

			Notes	Unrestricted	Restricted	Endowment	31.03.2021	31.03.2020
				Funds	Funds	Funds	Total Funds	Total Funds
Incoming resources							6
Incoming resources from generated		funds:
Donations and legacies Investment income and interest Rental income Incoming resources from charitable			3 4	8,692 3,675 11,103			8,692 3,675 11,103	19,973 4,834 16,692
activities			5	164,729			164,729	338,665
Total incoming resources	(before
exceptional items)				188,199			188,199	380,164
Resources expended
Charitable activities Governance costs Expected deficit on scheme	asset			352,772 17,585			352,772 17,585	430,095 18,448
returns			13	30,000			30,000	28,000
Total resources expended				400,357			400,357	476,543
Net (outgoing) resources before transfers			and
government grants				(212,158)			(212,158)	(96,379)
Government grants				72,890			72,890
Transfers between funds
Net (outgoing) resources before other
recognised gams and losses				(139,268)			(139,268)	(96,379)
Other recognised gains and	losses
Profit/(loss) on investments: (Unrealised) Profit/(loss) on investments: (Realised) Actuarial and past service (losses)			10 10 13	9,435 518 (216,000)			9,435 518 (216,000)	(9,246) (2,337) (34,000)
Net movement in funds				(345,315)			(345,315)	(141,962)
Reconciliation offunds
Total fuuds brought forward	at 1 April	2020		(313,290)	11,750	18,081	(283,459)	(141,497)
Total Funds carried forward at
31March 2021				(658,605)	11,750	18.081	(628,774)	(283,459)

	Th	Deaf&BBnd People
			(Registered	number 00146281)
		Balance Sheet
		31March 2021
			31.03.2021
FIXEDASSETS:		Notes		31	03.2020
Tangible assets
Investments		9
		10		726,796 100,173	732,097
CURRENT ASSETS: Debtors Cash at bank and in hand			56,741	826,969	84,844 816,941
			82,613	64,217
				162,052
CREDITORS:			139,354
Amounts falling due within one year NET CURRENT ASSETS/(I,IABILITIES)i		12	(17,097)	226,269 (21,669)
TOTAL ASSETSjESS CURRENT LIABILITIES:				122,257	204,600
NON-CURRENT Employee Benefits	LIABILITIES			949,226	1,021,541
		13
TOTAL NET (LIABILITIES)/ASSETS				(1,578,000)	(1,305,000)
				(628,774)
FUNDS:
Unrestricted funds
Restricted funds Endowment funds TOTAL FUNDS		16 15 14 16		(658,605) 11,750 18,081	(313,290) 11,750 18,081
				(628,774)	(283,459)

					Unresutcted	Restricted	Endowment	31.03.2021	31.03.2020
					Funds	Funds	Funds	Total Funds	Total Funds
									6
Donations,	appeals	and fundraising		events	4,679			4,679	19,973
Legacies					2,274			2,274
Gift aid					1,739			1,739
					8,692			8,692	28,499
INVESTMENT INCOME AND INTEREST
				Unrestricted		Restricted	Endowment	31.03.2021	31.03.2020
					Funds	Funds	Funds	Total Funds	Total Funds
Dividends —UK equities					2,318			2,318	2,717
Interest —UK fixed		mterest	secunties		1,167			1,167	1,565
Interest on bank and		building	society
deposits					190			190	552
					3,675			3,675	4,834
INCOMING	RESOURCES		FROM	CHARITABLE ACTIVITIES
				Unrestricted		Restricted	Endowmeni	31.03.2021	31.03.2020
					Funds	Funds	Funds	Total Funds	Total Funds
Fees income Other					162,812 1,917			162,812 1,917	321,120 17,545
					164,729			164,729	338,665
					Page 10

6.	CHARITABLE ACTIVITIES	CHARITABLE ACTIVITIES
			Unrestricted	Restricted	Endowment	31.03.2021	31.03.2020
			Funds	Funds	Funds	Total Funds	Total Funds
					6
	Direct services and grants payable
	Indirect services and support costs Interpreting Service		156,714 196,058			156,714 196,058	174,088 256,050
			352,772			352,772	430,138
7.	GOVERNANCE COSTS
			Unrestricted	Restricted	Endowment	31.03.2021	31.03.2020
			Funds	Funds	Funds	Total Funds	Total Funds
			6
	Salaries Premises		10,227 492			10,227 492	10,424 425
	Professional fees Sundry expenses Depreciation		6,096 577 193			6,096 577 193	6,066 1,399 134
			17,585			17,585	18,448
8.	TOTAL RESOURCES	EXPENDED
			Staff	Depreciation	Other Costs	31.03.2021	31.03.2020
			Costs	St Fixtures		Total	Total
				Revaluation
				Adjustment
	Charitable activities Governance Expected deficit on scheme asset returns		278,834 10,227	7,540 194	66,398 7,164 30,000	352,772 17,585 30,000	430,095 18,448 28,000
	3].3.2021		289,061	7,734	103,562	400,357
	31.3.2020		303,454	5,386	167,703		476,543
	Other costs:
	Premises Repairs Direct services and allowances					19,662 3,986	16,983 15,308
	Independent examination fees Accountancy charges Freelance Others Expected deficit on scheme asset returns					1,595 4,501 24,721 19,097 30,000	1,575 4,491 60,680 40,666 28,000
						103,562	167,703

TOTAL RESOURC	ES EXPEND	ES EXPEND	ED
The average number	ofemployees		ofthe Society during the year was:		31.03.2021	31.03,2020
Management
Interpreting service
Administration
					10
					31.03.2021	3103.2020
Staffcosts include:
Current pension service cost Employers national insurance		contributions			41,757 16,327	57,033 19,959
No employees received emoluments			in excess ofI60,000(2020 —None)
TANGIBLE FIXED	ASSETS
				Freehold	Fixtures and
COST OR VALUATION				Propertyf	Equipment	Totals
At 1 April 2020				705,807	56,397	762,204
Additions Disposal					2,433	2,433
At 31 March 2021				705,807	58,830	764,637
DEPRECIATION:
At I April 2020 Charge for year Disposal					30,107 7,734	30,107 7,734
At 31 March 2021					37,841	37,841
NET BOOK VALUE:
At 31 March 2021				705,807	20,989	726,796
At 31 March 2020				705,807	26,290	732.097

10.	FIXED ASSETINVESTMENTS
	Market value at 1 April 2020			84,844
	Additions			17,876
	Disposals			(11,982)
	Net unrealised surplus			9,435
	Market value at 31 March 2021			100,173
	Historical cost at 31March 2021			96,382
	Investments held comprise:
	Equity investments listed on recognised Debt and other fixed income securities	stock exchange listed on recognised stock exchange		74,504 25,669
				100,173
11.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.03.2021	31.03.2020
	Fees receivable		49,355	63,013
	Other debtors and prepayments		7,386	1,204
			56,741	64,217
12.	CREDITORS: AMOUNTS FALLING	DUE WITHIN ONE YEAR
			31.03.2021	31.03.2020
	Other creditors and accruals		14,241	13,027
	Other taxes and social security		2,856	8,642
			17,097	21,669

employers.	'Orphan	liabilities'	are currently a small proportion ofthe overal	l habilities in the Fund.
13.1 The	amounts	recognised	in the balance sheet are as follows:
				31.03.202]	31.03.2020
Present value ofbenefit obliganons Realisable value ofplan assets				(6,974,000) 5,396,000	(5,806,000) 4,501,000
Net liability				(1,578,000)	(1,305,000)

13.6 The actual	return o	n plan assets	is as follows:
					31.03.2021	31.03.2020
Actual return on plan assets					1,014,000	(342,000)
13.7 Amounts	for the current period		and previous periods are as follows:
					31.03.2021	31.03.2020
Present value offunded Realisable value ofplan		obligations assets			(6,974,000) 5,396,000	(5,806,000) 4,501,000
Deficit					(1,578,000)	(1,305,000)
13.8 Principal	actuarial	assumptions	at the balance sheet date (expressed as weighted		averages):
					31.03.2021	31.03.2020
Discount rate					2.10%	230%
Rate ofsalary increase					3.95%	3.25%
Rate ofinflation					2.70%	2.00%
Rate ofpension	increase				2 70%	2.00%
Rate ofpension	accounts	revaluation			2.70%	2.00%
ENDOWMENT	FUNDS
			Balance	Incoming	Outgoing	Balance
			I April 2020	Resources	Resources	31March 2021
Permanent Endowments:
FW Spruce Charity Fund			18,081			18,081

E	STRIC	TED FUNDS
				Balance	Incoming	Outgoing	Balance
			1	April 2020	Resources	Resources	31March 2021
W	Heath	Trust		]1,750			11,750

DEFINED BENEF	ITPENSIO	ITPENSIO	N SCHEME co	ntinued	ntinued
13.2 The amounts	recognised		in the statement	offinancial		activities		are as follows:
								31.03.2021	31.03.2020
Current service cost								27,000	31,000
Past service cost									14,000
Interest cost								132,000	146,000
Expected return on	plan	assets						(102,000)	(118,000)
Net resources expended		before	other recognised	gains and losses				57,000	73,000
Actuarial losses								216,000	34,000
Net charge								273,000	107,000
13.3 Changes in the present value ofthe defined benefit obligation								are as follows:
								31.03.2021	31.03.2020
Opening defined benefit		obligation						5,806,000	6,157,000
Service cost								27,000	31,000
Member contributions								5,000	5,000
Interest cost								132,000	146,000
Benefits paid								(124,000)	(121,000)
Past service cost									14,000
Actuarial losses/(gains)								1,128,000	(426,000)
Closing defined benefit obligation								6,974,000	5,806,000
13.4 Changes in the fair value			ofplan assets are as follows:
								31.03.2021	31.03.2020
Opening reahsable value		ofplan	assets					4,501,000	4,959,000
Expected return on	plan	assets						102,000	118,000
Actuarial gains,'(losses)								912,000	(460,000)
Benefits paid								(124,000)	(121,000)
Employer contribution
Member contribution								5,000	5,000
Closing realisable value		ofplan	assets					5 396000	4,501,000
13.5 Analysis ofrealisable value ofplan assets between					asset		categories is as follows:
								31.03.2021	31.03.2020
Equities								4,301,000	3,488,000
Govenunent bonds								448,000	432,000
Corporate bonds								248,000	230,000
Property								205,000	202,000
Cash/liquidity								108,000	86,000
Other								86,000	63,000
Total								5,396,000	4,501,000

16.	ANALYSIS OF NET AS	SE	TSBETWEE	TSBETWEE	N FUNDS
			Tangible			Net	Non
				Fixed		Current	Current	31.03.2021	31.03.2020
			Assets		Investments	Assets	Liabihties	Total	Total
	Endowment Funds					18,081		18,081	18,081
	Restricted Funds:					11,750		11,750	11,750
	General fund		726,796		100,173	92,426	(1,578,000)	(658,005)	(313290)
			726,796		100,173	122,257	(1,578,000)	(628,774)	(283,459)
17.	STATEMENT OF CHANGES IN			EQUITY
								31.03.2021	31.03.2020
	Deficit for the financial year							(139,268)	(96,379)
	Unrealised surplus/(deficit)		on investments					9,435	(9,246)
	Realised surplus/(deficit)	on	investments					518	(2,337)
	Actuarial (losses)							(216,000)	(34,000)
	NET (DECREASE) IN EQUITY							(345,315)	(141,962)
	Opening funds							(283,459)	(141,497)
	CLOSING FUNDS							(628,774)	(283,459)
	REALISED FUNDS							945,435	1,030,650
	PENSION SCHEME DEFICIT UNREALISED FUNDS							(1,578,000) 3,791	(1,305,000) (9,109)
								(628 774)	(283459)
18.	RELATED PARTIES