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2022-03-31-accounts

Index to the Unaudited Financial Statements
for the Year Ended 31March 2022
Page
Society Information
Report ofthe Trustees
Independent
Examiners'		 Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements

The Le eds So ciety for Deaf & Blind People for Deaf & Blind People for Deaf & Blind People (Registered n umber: 001462 81)
Statement ofFinancial Activities
(including Statement ofComprehensive Income)
for the Year Ended 31 March 2022
Notes Unrestricted Restricted Endowment 31.03.2022 31.03.2021
Funds Funds Funds Total Funds Total Funds
Incoming
resources
Incoming resources from generated funds:
Donations
and legacies		 3,064 3,064 8,692
Investment
income and interest
Rental income		 3,308
21,244		 3,308
21,244		 3,675
11,103
Incoming resources from charitable
activities 244,117 244,117 164,729
Total incoming
resources		 (before
exceptional
items)		 271,733 271,733 188,199
Resources expended
Charitable
activities		 364,517 1,242 365,759 352,772
Governance
costs
Expected deficit on scheme		 asset 15,975 15,975 17,585
returns 13 33,000 33,000 30,000
Total resources expended 413,492 1,242 414,734 400,357
Net (outgoing) resources before transfers and
government
grants		 (141,759) (1,242) (143,001) (212,158)
Government
grants		 42,072 42,072 72,890
Transfers between
funds
Net (outgoing) resources before other
recognised
gains and losses		 (99,687) (1,242) (100,929) (139,268)
Other recognised
gains and losses
Profit/(loss)
on investments:
Profit/(loss)
on investments:		 (Unrealised)
(Realised)		 10
10		 5,648
123		 5,648
123		 9,435
518
Actuarial
and past service gains/		 13
(losses) 961,000 961,000 (216,000)
Net movement
in funds		 867,084 (1,242) 865,842 (345,315)
Reconciliation
offunds
Total funds brought
forward		 at I April 2021 (658,605) 11,750 18,081 (628,774) (283,459)
Total Funds carried forward at
31March 2022 208,479 10,508 18,081 237,068 (628,774)
All ofthe above results are derived from continuing activities.

Balance Sheet
31 March 2022
31.03.2022 31.03.2021
Notes
FIXEDASSETS:
Tangible assets 9 719,030 726,796
Investments 10 114,985 100,173
834,015 826,969
CURRENT ASSETS:
Debtors 46,447 56,741
Cash at bank and in hand 61,246 82,613
107,693 139,354
CREDITORS:
Amounts
falling due within		 one year 12 (17,640) (17,097)
NET CURRENT ASSETS/(LIABILITIES): 90,053 122,257
TOTAL ASSETS LESS
CURRENT LIABILITIES: 924,068 949,226
NON-CURRENT LIABILITIES
Employee Benefits 13 (687,000) (1,578,000)
TOTAL NET ASSETS/(LIABILITIES) 237,068 (628,774)
FUNDS:
Unrestricted
funds		 16 208,479 (658,605)
Restricted
funds		 15 10,508 11,750
Endowment
funds		 14 18,081 18,081
TOTAL FUNDS 16 237,068 (628,774)

DONATION S
AND		 LEGA CIES
Unrestricted Restricted Endowment 31.03.2022 31.03.2021
Fundsf Funds Funds Total Fundsf Total Fundsf
Donations, appeals and fundraising events 3,064 3,064 4,679
Legacies 2,274
Gilt aid 1,739
3,064 3,064 8,692
INVESTMENT INCOME AND INTEREST
Unrestricted Restricted Endowment 31.03.2022 31.03.2021
Fundsf Funds
f.		 Funds Total Funds Total Funds
Dividends UK equities 2,150 2,150 2,318
Interest —UK fixed interest securities 1,082 1,082 1,167
Interest on bank and building society
deposits 76 76 190
3,308 3,308 3,675
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
Unrestricted Restricted Endowment 31.03.2022 31.03.2021
Funds
f,		 Funds
8		 Funds Total Fundsf Total Funds
Fees income 238,147 238,147 162,812
Other 5,970 5,970 1,917
244,117 244,117 164,729

6, CHARITA B LE ACTIVI TIES
Unrestricted Restricted Endowment 31.03.2022 31.03.2021
Funds Fundsf Funds Total Fundsf Total Fundsf
Direct services and grants payable 160 160
Indirect services and support costs 138,765 138,765 156,714
Interpreting Service 225,592 1,242 226,834 196,058
364,517 1,242 365,759 352,772
7. GOVERNANCE COSTS
Unrestricted Restricted Endowment 31.03.2022 31.03.2021
Funds Funds Funds Total Fundsf Total Funds
Salaries 10,097 10,097 10,227
Premises 675 675 492
Professional fees 4,222 4,222 6,096
Sundry expenses 787 787 577
Depreciation 194 194 193
15,975 15,975 17,585
IL TOTAL RESOURCES EXPENDED
Staff Depreciation Other Costs 31.03.2022 31.03.2021
Costs Et Fixtures Total Total
Revaluation
Adjustment f f
Charitable activities 243,253 7,572 114,934 365,759 352,772
Governance 10,097 194 5,684 15,975 17,585
Expected deficit on scheme asset returns 33,000 33,000 30,000
31.03.2022 253,350 7,766 153,618 414,734
31.03.2021 289,061 7,734 103,562 400,357
Other costs;
Premises 26,988 19,662
Repairs 5,618 3,986
Direct services and allowances 160
Independent examination fees 1,325 1,595
Accountancy charges 2,896 4,501
Freelance 56,520 24,721
Others 27,111 19,097
Expected deficit on scheme asset returns 33,000 30,000
153,618 103,562

31.03.2022 31.03.2021
The average number ofemployees ofthe Society during the year was;
Management
Interpreting
service
Administration
10
31.03.2022f 31.03.2021
Staffcosts include:
Current
pension service cost		 48,842 41,757
Employers
national		 insurance contributions 12,049 16,327

TANGIBLE FIXEDASSETS
Freehold Fixtures and
Property Equipment Totals
COST OR VALUATION
At
1 April 2021		 705,807 58,830 764,637
Additions
Disposal
At 31 March 2022 705,807 58,830 764,637
DEPRECIATION:
At
I April 2021		 37,841 37,841
Charge for year 7,766 7,766
Disposal
At 31 March 2022 45,607 45,607
NET BOOK VALUE:
At 31 March 2022 705,807 13,223 719,030
At 31 March 2021 705,807 20,989 726,796

FIXEDASSET INVESTMENTS
Market value at I April 2021 100,173
Additions 17,285
Disposals (8,121)
Net unrealised
surplus		 5,648
Market value at 31 March 2022 114,985
Historical cost at 31 March 2022 105,516
Investments
held comprise:
Equity investments
listed on recognised		 stock exchange 94,097
Debt and other fixed income securities listed on recognised stock exchange 20,888
114,985
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.03.2022 31.03.2021
Fees receivable 44,109 49,355
Other debtors and prepayments 2,338 7,386
46,447 56,741
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.03.2022 31.03.2021
Other creditors
and accruals		 12,595 14,241
Other taxes and social security 5,045 2,856
17,640 17,097

13.2
The amounts
recognised		 13.2
The amounts
recognised		 in the statement offinancial activities are as follows; are as follows;
31.03.2022 31.03.2021f
Current service cost 37,000 27,000
Past service cost
Interest cost 145,000 132,000
Expected return
on plan		 assets (112,000) (102,000)
Net resources expended before other recognised gains and losses 70,000 57,000
Actuarial
(gains)/losses		 (961,000) 216,000
Net (credit)/charge (891,000) 273,000
13.3
Changes
in the present value ofthe defined benefit obligation		 are as follows:
31.03.2022 31.03.2021
Opening
defined benefit		 obligation 6,974,000 5,806,000
Service cost 37,000 27,000
Member contributions 5,000 5,000
Interest cost
Benefits paid
Past service cost		 145,000
(120,000)		 132,000
(124,000)
Actuarial
(gains)/losses		 (491,000) 1,128,000
Closing defined benefit obligation 6,550,000 6,974,000
13.4
Changes
in the fair value		 ofplan assets are as follows:
31.03.2022f 31.03.2021
Opening realisable
value		 ofplan assets 5,396,000 4,501,000
Expected return on plan assets 112,000 102,000
Actuarial
gains		 470,000 912,000
Benefits paid (120,000) (124,000)
Employer contribution
Member contribution 5,000 5,000
Closing realisable
value ofplan		 assets 5,863,000 5,396,000
13.5
Analysis ofrealisable
value ofplan assets between asset categories		 is as follows:
31.03.2022f 31.03.2021f
Equities 4,679,000 4,301,000
Government
bonds		 434,000 448,000
Corporate
bonds		 281,000 248,000
Property 235,000 205,000
Cash/liquidity
Other		 170,000
64,000		 108,000
86,000
Total 5,863,000 5,396,000

13.6 The actual return
on plan assets		 return
on plan assets		 is as follows:
31.03.2022 31.03.2021f
Actual return
on plan assets		 582,000 1,014,000
13.7 Amounts for the current period and previous periods are as follows:
31.03.2022 31.03.2021
Present value offunded
Realisable value ofplan		 obligations
assets		 (6,550,000)
5,863,000		 (6,974,000)
5,396,000
Deficit (687,000) (1,578,000)
13.8 Principal actuarial assumptions at the balance sheet date (expressed as weighted averages):
31.03.2022 31.03.2021
Discount rate 2.70'Yo 2.10/o
Rate ofsalary increase 4.259o 3.95'lo
Rate ofinflation 3.00'lo 2.70'/o
Rate ofpension increase 3.00'Yo 2.70'lo
Rate ofpension accounts revaluation 3.00'Yo 2.70'Yo
14. ENDOWMENT
FUNDS		 ENDOWMENT
FUNDS
Balance Incoming Outgoing Balance
Permanent Endowments: I April 2021f Resourcesf Resourcesf 31 March 2022
F W Spruce Charity
Fund		 18,081 18,081

RES TRICTED FUNDS
Balance Incoming Outgoing Balance
I April 2021 Resources Resources 31 March 2022
f.
W Heath Trust 11,750 1,242 10,508
This represents income provided for the Society which is to be used for, and related to, a Video Relay Service, for
deaf people.

Tangible Tangible Net Non
Fixed Current Current 31.03.2022 31.03.2021
Assetsf Investments Assets Liabilities Total Total
8
Endowment
Funds		 18,081 18,081 18,081
Restricted Funds: 10,508 10,508 11,750
General
fund		 719,030 114,985 61,464 (687,000) 208,479 (658,605)
719,030 114,985 90,053 (687,000) 237,068 (628,774)
TATEMENT OF CHANGES IN EQUITY
31.03.2022f 31.03.2021
Deficit for the financial year (100,929) (139,268)
Unrealised
surplus
on investments		 5,648 9,435
Realised surplus
on investments		 123 518
Actuarial
gains/(losses)		 961,000 (216,000)
NET INCREASE/(DECREASE) IN EQUITY 865,842 (345,315)
Opening
funds		 (628,774) (283,459)
CLOSING FUNDS 237,068 (628,774)
REALISED FUNDS
PENSION SCHEME DEFICIT
UNREALISED FUNDS		 917,599
(687,000)
9,469		 945,435
(1,578,000)
3,791
237,068 (628,774)