||||Page| |---|---|---|---| |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|e Leeds Society for|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|||||||||